UNITY is BullishThe macro trend of price action is bullish fueled by a humongous insider transaction. Bears assumed control of the price action for few months which resulted in a good retracement. However, now the descending trendline is broken and a double bottom reversal pattern has also formed that led to the break of previous lower high, indicating that bulls have assumed control of the price action now. First higher high is printed successfully and with bulls in the driving seat further highs are expected as per Dow theory. Moreover, the macro projections of AB = CD pattern also have targets of 40+.
