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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
 
UPS_6_23.png.d53fd381aec1bc3aff4f7dd3b62f8e1b.png
 
 

 
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.
UPS_1H.png.4998ea2a83b6ffe0dda379e9d7f8b53c.png
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