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United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc.,  (NYSE: UPS): Daily Chart 29 August 2023

UPS Stock Market Analysis: Looking for a top in place in wave (e) of {b} in the triangle. At this point, I am looking for downside continuation to complete minute wave {c}. Downside target stands at 36$.

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

UPS Technical Indicators: Below all averages.  

UPS Trading Strategy: Looking for shorts on the way down into wave {c}.

Analyst: Alessio Barretta

United Parcel Service Inc., UPS: 4-hour Chart 29 August 2023

United Parcel Service Inc.,  Elliott Wave Technical Analysis
UPS Stock Market Analysis: Looking for continuation lower into wave v as we seem to be finding resistance in wave iv. Invalidation stands at 176 with overlapping between iv and i.  

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

UPS Technical Indicators: 20EMA as resistance.  

UPS Trading Strategy: Looking for shorts with stops at invalidation level.

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