Image Source: Unsplash
 

United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (NYSE: UPS): Daily Chart, 28 April 2023.

UPS Stock Market Analysis: Looking for further downside into wave {c} as the upmove from October 2022 appears to be a three wave move therefore not trend-establishing.

UPS Elliott Wave Count: Wave {c} of 2.  

UPS Technical Indicators: Below all averages.

UPS Trading Strategy: Looking for short into wave {c}, waiting for a pullback in wave (ii) before considering entries.

Analyst: Alessio Barretta

United Parcel Service Inc., UPS: 4-hour Chart, 28 April 2023.

United Parcel Service Inc., Elliott Wave Technical Analysis

UPS Stock Market Analysis: It looks like we are pulling back into wave (ii). Looking for further downside to complete the overall correction in wave 2.  

UPS Elliott Wave count: Wave (ii) of {c}.  

UPS Technical Indicators: Below all averages.

UPS Trading Strategy: Looking for short into wave {c}, waiting for a pullback in wave (ii) before considering entries.

More By This Author:

Technical Analysis: Commodity Futures Market
U.S. Stock Market - Elliott Wave
Elliott Wave Technical Analysis: Texas Instruments, Apr. 27