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

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United Parcel Service Inc., Elliott Wave Technical Analysis

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

UPS Stock Market Analysis: UPS has been moving as expected form the previous update. We are now looking at continuation lower into wave {c}.

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

UPS Technical Indicators: Below all averages.

UPS Trading Strategy: Looking for confirmation of wave (iii) to then start placing shorts.

TradingLounge Analyst: Alessio Barretta
 

 

 

 

United Parcel Service Inc., UPS: 1-hour Chart, 23 June 23

United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: Looking for a pullback in wave ii of (iii) as we are ear the area of wave b of (ii) which could most likely provide support.  

UPS Elliott Wave count:  Wave ii of  (ii).

UPS Technical Indicators: Below all averages.

UPS Trading Strategy: Looking for shorts once wave (i) is broken.