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United Parcel Service Inc.(UPS:NYSE) Elliott Wave Technical Analysis 25 January 23


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United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (UPS:NYSE): Daily Chart, 25 January 23,

UPS Stock Market Analysis:The big dump on the daily chart isn’t actually real, therefore everything is moving as expected and we are actually expecting downside into wave c of (b).

UPS Elliott Wave Count:  Wave(b) of{b}.

UPS Technical Indicators:200EMA acting as resistance

UPS Trading Strategy:We can look for shorts right now with a stop above wave a of the triangle represented by the red line.

TradingLounge Analyst: Alessio Barretta

 

UPS_1_25.png.9de86ddde4f13b055a925495c414b91d.png

 

 

 

United Parcel Service Inc.,UPS: 4-hour Chart, 25 January 23,

United Parcel ServiceInc.,Elliott Wave Technical AnalysisUPS Stock Market Analysis:It looks like we are in wave e of the triangle in wave b. Looking for downside.

UPS Elliott Wave count:  Wavee ofb.

UPS Technical Indicators:averages acting as resistance

UPS Trading Strategy:Looking for shorts with stop and entry point represented by the red and blue lines.

UPS_4H.png.3f2692bf37d71dc63e731ac64df51a37.png

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