Elliott Wave Technical Analysis: United Parcel Service Inc. - Wednesday, Jan. 25

black android smartphone turned on screen

Image Source: Unsplash
 

United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (NYSE: UPS): Daily Chart, 25 January 23,

UPS Stock Market Analysis: The big dump on the daily chart isn’t actually real, therefore everything is moving as expected and we are actually expecting a downside into wave c of (b).

UPS Elliott Wave Count:  Wave(b) of{b}.

UPS Technical Indicators: 200EMA acting as resistance

UPS Trading Strategy: We can look for shorts right now with a stop above wave a of the triangle represented by the red line.

Analyst: Alessio Barretta

United Parcel Service Inc., UPS: 4-hour Chart, 25 January 2023

United Parcel ServiceInc., Elliott Wave Technical AnalysisUPS Stock Market Analysis: It looks like we are in wave e of the triangle in wave b. Looking for a downside.

UPS Elliott Wave count:  Wave of b.

UPS Technical Indicators: averages acting as resistance

UPS Trading Strategy: Looking for shorts with stop and entry point represented by the red and blue lines.


More By This Author:

Elliott Wave Technical Analysis: Binance / U.S. Dollar - Wednesday, Jan. 25
S&P 500, Nasdaq-100, RUT, DJI: Elliott Wave Investing
Elliott Wave Technical Analysis: AAVE / U.S. Dollar

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.