UNH faces further downside risk; current bounce offers short entry with target at support levels.

And finally, with UNH. You are looking at a beautiful "head and shoulders" pattern that has already broken out but is looking forward to a possible bounce. Okay, the probability of a rebound.

Isn't that so? As you can see, boom, left shoulder, head, right shoulder, downward movement, and now it's starting to recover a little, creating a great opportunity for short selling .

One of the things we can do is measure this movement. What is that measured movement? A complete downward movement to here.

For me, in general, if a trade achieves about 40% of the measured movement, I consider it complete. However, since it has fallen by only 15 to 20% of the measured move and is now beginning to bounce back, we may be in for further declines in United Health Care Group shares.

Therefore, my entry will be to resell on a full bounce to this neckline. This is Plan C. My target at these support levels will require your monitoring. Firstly, there is a good low pivot point here at 346.

And filling the gap created by earnings, the April 20th earnings , right? At 323.56. Basically, there are two profit-making deals here. correct ? The level it was at before the earnings and the lowest point it reached since the announcement of those amazing earnings that have supported the stock since last April.

So, this will be my plan regarding UNH.