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United Parcel Service Inc.(UPS:NYSE) Elliott Wave Technical Analysis 29 August 23


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United Parcel Service Inc., Elliott Wave Technical Analysis
United Parcel Service Inc.,  (UPS:NYSE): Daily Chart 29 August 23
UPS Stock Market Analysis: Looking for a top in place in wave (e) of {b} in the triangle. At this point I am looking for downside continuation to complete minute wave {c}. Downside target stands at 36$.
UPS Elliott Wave Count: Wave {c} of 2.
UPS Technical Indicators: Below all averages.  
UPS Trading Strategy: Looking for shorts in the way down into wave {c}.
TradingLounge Analyst: Alessio Barretta
 
UPS_8_29.thumb.png.54d1568a4319c94d55c9bb8df111831b.png
 
 
 
United Parcel Service Inc., UPS: 4-hour Chart 29 August 23
United Parcel Service Inc.,  Elliott Wave Technical Analysis
UPS Stock Market Analysis: Looking for continuation lower into wave v as we seem to be finding resistance in wave iv. Invalidation stands at 176 with overlapping between iv and i.  
UPS Elliott Wave count:  Wave iii of (iii).
UPS Technical Indicators: 20EMA as resistance.  
UPS Trading Strategy: Looking for shorts with stops at invalidation level.
UPS_4H.thumb.png.e5b34edcddf8338960ce64b0b90383ee.png
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