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United Parcel Service Inc.(UPS:NYSE) Elliott Wave Technical Analysis August 25, 2022


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United Parcel ServiceInc., Elliott Wave Technical Analysis

United Parcel Service Inc.,(UPS:NYSE): Daily Chart, August 25, 2022, 
UPSStock Market Analysis:Moving as expected, this pullback should be just another buying opportunity. We should have a sideways correction as it has to alternate with the wave 2 of the same degree which was a sharp move to the downside.

UPS Elliott Wave count:  a of 4.
UPSTrading Strategy: Waiting for further consolidation into wave 4

UPSTechnical Indicators:Above all averages and moving towards the 20 EMA which could act as support.

TradingLounge Analyst: Alessio Barretta

UPS_8_25.png.cfd45e744a1122cd4effeaffbced1e0e.png


 

United Parcel Service Inc.,UPS: 4-hour Chart, August 25 2022, 

United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: Looking for further downside to complete wave 4. Wave a of 4 could be nearly completed.

UPSElliott Wave count:  Wave a of 4.
UPS Technical Indicators:We just moved past the 20 EMA, looking for a bounce soon.

UPSTrading Strategy: Looking for at least a three wave move to start building longs into wave 5 of iii.

UPS_4H.png.fdb2a9cc6e85cdfc2ca864d395ef6701.png

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