$UNH
Added 2025-05-19 10:10:14 +0000 UTCLet's start the day and week with something positive.
Price is back to $301 now in the PM and is a green mark in an uncertain wave this morning for the market.
In my last upload we said that a move back to the 0.5 Fib at $323 would be the next target for this wave bounce and we can see that the 50 MA on the 1hr chart is moving down to this point too.
The big picture here:
There has only been one bounce since $248 and we must expect a Wave 2 pull back next once resistance is met
I can add the Wave 2 fib support levels once resistance is met.....and once Wave 2 holds for a higher low, we can add again for our Third Buy.
The hold for a higher low will strengthen the structure and prepare us for Wave 3 next and I would expect a move up to $445 for Wave 3.
Comments
Cap, first price target hit. Let's see how low this pullbacks.. hopefully around 300 to add more into it. So far still very strong at 330.
Roc Baller
2025-05-20 09:47:53 +0000 UTCCan someone please explain the beginning and end points of the fibs? Trying to understand why it bounced from the .618 line
Jose
2025-05-19 21:44:21 +0000 UTCAbsolutely tremendous opportunity when this crashed. Highlight of my 2 month membership so far! Well, that and hims!
Nigel
2025-05-19 10:57:17 +0000 UTC
