#UNi Views do not constitute investment advice
UNI is long, the ultimate TP: around 9.3
The previous high of uni's daily level broke out of the Head and Shoulders pattern after breaking through the pressure. It stopped falling and rebounded near the daily MA100 and 0.618 of the daily level, breaking through the trend line in the process of decline. The daily and 4h levels are near poc, and the 1h level has already Break through the POC and pay attention to the three pressure levels above
1. The high point of Head and Shoulders’ right shoulder
2. Head and Shoulders high point
3. The daily high point pressure at the 9.2-9.6 price level is also the daily trend line pressure. It is near the third pressure level. The ultimate TP is near the bottom of the 4h level red magnet.
The stop loss can be considered to be placed below the daily level of 0.618