Unity (U) Trade Thesis & SetupUnity Software, Inc.BATS:UErictaylorUnity has formed a strong double bottom around $16.87, which marked a clear shift in structure. Following that base, price rallied and successfully broke above the neckline near $21.20, confirming the pattern and signaling potential upside continuation. Since reclaiming that level, Unity has been holding above the neckline and consolidating, forming slightly higher highs and higher lows. This type of price action suggests accumulation, with buyers stepping in and supporting price during market volatility. ⸻ Current Structure •Key Support (Neckline): $21.20 •Golden Pocket Zone: $21.50 – $23 •Resistance: $23 •Upside Targets: $24.50 → $26 Using a Fibonacci retracement from the $16.87 low to the ~$29 high, price is currently sitting within the golden pocket (0.5–0.618). This is a high-probability reaction zone where continuation often develops if buyers remain in control. ⸻ Bullish Scenario As long as Unity continues to: •Hold above $21.20–$21.50 •Maintain higher lows 👉 The structure remains bullish. A break and hold above $23 would be the key confirmation. If that level is reclaimed and supported, it could open the door for a move toward $24.50 and potentially $26. ⸻ Trade Plan •Aggressive Entry: Current range while holding above neckline •Confirmation Entry: Break and hold above $23 with multiple candle closes •Invalidation: Loss of $21.20 ⸻ Key Takeaway Unity is showing relative strength by holding its structure despite broader market swings. The consolidation above the neckline suggests buyers are defending this area, and a breakout above $23 could trigger the next leg higher.