Unity has been on uptrend from IPO in Sept through Dec. It is our only discernable Wave 1 of 5. Therefore retracement should be assumed to be .618 or aprox 108. The buy zone is when it drops below 120 past the .5 correction.
I saw a post pushing for a bull flag and I just don't see it.
Expect a bearish week and look to start buying equity next week.
I saw a post pushing for a bull flag and I just don't see it.
Expect a bearish week and look to start buying equity next week.
Note
Following trendline nicely, but I think institutional investors will keep it from the .618. I will likely buy some equity if it touches below 123Note
Update Added a position in Unity when it dropped to 120.5 per my buyzone. I dont see it ever touching below 115, so seems like a good entryNote
When the chart actually works >>>>>>>>>
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.