UNH recovering well from bad reaction to earnings guidance! But is the worse over?

UNH recovering well from bad reaction to earnings guidance! But is the worse over?

Price action so far (28 Jan 2024)
- UNH recent gap down pushed the formation of an inverse Cup (bearish?)
- Price moves had bounced off 479/480 (key cup level) and come up to fill 50% of the gap! ==> Dead cat bounce target achieved!
- KEY LEVEL 503! - 50% gap fill, and also MA50 on weekly chart!

Bullish
- Can it go up to full gap fill at 514? ==> That would mean a break of trend channel and back on bullish pathing
- This would mean staying above MA50 on weekly chart

Bearish
- Dead cat bounce plays out with a rejection at 50% gap fill (503) or full gap fill (514) and back down to break 479/480
- If so, then target below would be 470, 460, 450

My approach
- Had started nibbling in at 480
- And will continue to do so if it breaks below 480 observing how price action handles 503 and 514

Note : UNH is part of my healthcare portfolio, together with VEEV and LABU