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Spotify Inc.(SPOT:NYSE) Elliott Wave Technical Analysis 14 September 23


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Spotify Inc., Elliott Wave Technical Analysis
Spotify Inc., (SPOT:NYSE): Daily Chart, 14 September 23
SPOT Stock Market Analysis: After a over 100% move to the upside, we have seen a sharp correction which was identified as either a wave 2 or B. At this point as we begin to resume higher, breaking the previous wave {b}, there is a possibility for at least five more waves to the upside.  
SPOT Elliott Wave Count: Wave 3 of (A).
SPOT Technical Indicators: Below all averages.  
SPOT Trading Strategy: Looking for longs into wave 3.
TradingLounge Analyst: Alessio Barretta
 
SPOT_9_14.thumb.png.77d839a29e40bd0fc1aa51260c4e3565.png
 
 
 
United Parcel Service Inc., SPOT: 1-hour Chart, 14 September 23
United Parcel Service Inc., Elliott Wave Technical Analysis
SPOT Stock Market Analysis: Here’s a closer look at the advanced we’ve seen into potential wave {i}, as there seems to be a case for five waves to the upside, making the up move impulsive.  
SPOT Elliott Wave count:  Wave {ii} of C.
SPOT Technical Indicators: In between averages.  
SPOT Trading Strategy: Looking for longs on the way up into wave {c}.
SPOT_1H.thumb.png.b9f7839b9a4ea0016955920047c08609.png
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