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United Parcel Service Inc.(UPS:NYSE) Elliott Wave Technical Analysis 28 April 23


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United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (UPS:NYSE): Daily Chart, 28 April 23,

UPS Stock Market Analysis: Looking for further downside into wave {c} as the upmove from October 2022 appears to be a three wave move therefore not trend establishing.

UPS Elliott Wave Count: Wave {c} of 2.  

UPS Technical Indicators: Below all averages.

UPS Trading Strategy: Looking for short into wave {c}, waiting for a pullback in wave (ii) before considering entries.

TradingLounge Analyst: Alessio Barretta

UPS_4_28.png.9e9fa4b2949d023befc7b1dddd0e83dd.png

 

 

 

United Parcel Service Inc., UPS: 4-hour Chart, 28 April 23,

United Parcel Service Inc., Elliott Wave Technical Analysis

UPS Stock Market Analysis: It looks like we are pulling back into wave (ii). Looking for further downside to complete the overall correction in wave 2.  

UPS Elliott Wave count: Wave (ii) of {c}.  

UPS Technical Indicators: Below all averages.

UPS Trading Strategy: Looking for short into wave {c}, waiting for a pullback in wave (ii) before considering entries.

UPS_4H.png.5c43a0e9dbbed7dcecb98e09a70ba1c9.png

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