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United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (NYSE: UPS): Daily Chart, 1 June 2023.

UPS Stock Market Analysis: Looking for further downside into wave {c} to then complete overall correction in wave 2.  

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

UPS Technical Indicators: Above 200EMA.

UPS Trading Strategy: Looking for further downside into wave {c}, if we were to break north of wave (ii) we could see wave count invalidation.  

Analyst: Alessio Barretta

United Parcel Service Inc., UPS: 4-hour Chart, 1 June 2023.

United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: Looking for downside into wave (iii) to start unfolding as we seem to be moving lower into wave iii.

UPS Elliott Wave count:  Wave  iii of (iii).

UPS Technical Indicators: Below all averages.

UPS Trading Strategy: Looking for downside to start unfolding fast, otherwise we could be in a leading diagonal in wave (i).

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