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United Parcel Service Inc.(UPS:NYSE) Elliott Wave Technical Analysis 13 September 23


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United Parcel Service Inc., Elliott Wave Technical Analysis
United Parcel Service Inc., (UPS:NYSE): Daily Chart, 13 September 23
UPS Stock Market Analysis: We have been looking for downside ever since the previous forecast where we were anticipating wave iv. As we now stand near a support area we could expect a bounce in what should be wave (iv).
UPS Elliott Wave Count: Wave (iii) of {c}.
UPS Technical Indicators: Below all averages.  
UPS Trading Strategy: Looking for short after the pullback in wave (iv).
TradingLounge Analyst: Alessio Barretta
 
UPS_9_13.thumb.png.62e7dd16676ce7363f43dc4313fcbf1d.png
 
 
 
United Parcel Service Inc., UPS: 4-hour Chart, 13 September 23
United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: Looking for a pullback as we reached the target for wave (iii) breaking the base channel and reaching 0.618 {c} vs. {a}. We should expect wave (iv) to stay within the upper line of the channel.
UPS Elliott Wave count:  Wave v of (iii).
UPS Technical Indicators: Below all averages, RSI extremely oversold.  
UPS Trading Strategy: Looking for shorts after wave (iv).
UPS_4H.thumb.png.c6deee3f0d6b86d88958dd1e26b41939.png
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