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United Parcel Service Inc.,(UPS:NYSE) Elliott Wave Technical Analysis 16 August 23


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United Parcel Service Inc., Elliott Wave Technical Analysis
United Parcel Service Inc.,    (UPS:NYSE): Daily Chart 16 August 23
UPS Stock Market Analysis: I changed the previous count to allow for a triangle in wave {b}, which is still forecasting additional downside into wave {c}. There is also a possibility we are in a higher degree wave (4) paring up with the 2020 wave (2).
UPS Elliott Wave Count: Wave {c} of 2.  
UPS Technical Indicators: Below all averages.
UPS Trading Strategy: Looking for longs on the way down into 136$ wave {c} target.  
TradingLounge Analyst: Alessio Barretta
Source : Tradinglounge.com get trial here!
UPS_8_16.png.0aa65dbfeb35e8b75c9c5f6e81f25a3c.png
 
 

 
United Parcel Service Inc.,   UPS: 4-hour Chart 16 August 23
United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: Looking for five waves to unfold into wave {c}. Invalidaiton stands at  193$ and we are now looking for acceleration lower into wave iii of (iii).
UPS Elliott Wave count:  Wave (iii) of {c}.  
UPS Technical Indicators: Below all averages
UPS Trading Strategy: Looking for shorts with invalidation at 193$.
UPS_4H.png.f287b944f600aee032104aa6d378fc4f.png
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