Elliott Wave Technical Analysis: United Parcel Service Inc. - Thursday, June 15

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United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc.,  (NYSE: UPS): Daily Chart, 15 June 2023.

UPS Stock Market Analysis: We have been looking for downside into wave {c} to complete a higher degree wave 2.  

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

UPS Technical Indicators: Between 200 and 20EMA.

UPS Trading Strategy: Looking downside into wave (iii), waiting for a clear three wave move in wave (ii) to have additional confirmation.

Analyst: Alessio Barretta

United Parcel Service Inc., UPS: 4-hour Chart, 15 June 2023.

United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: We are looking at an ideal area for wave (ii) to stop. Ideally at around the 50% pullback of wave (i) as we have the previous wave ii of the diagonal.

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

UPS Technical Indicators: Below 200EMA

UPS Trading Strategy: Looking for short off of wave (ii).

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