Elliott Wave Technical Analysis: United Parcel Service Inc.

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United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc.,(NYSE: UPS): Daily Chart, August 25, 2022, 
UPS Stock Market Analysis: Moving as expected, this pullback should be just another buying opportunity. We should have a sideways correction as it has to alternate with wave 2 of the same degree which was a sharp move to the downside.

UPS Elliott Wave count:  a of 4.
UPS Trading Strategy: Waiting for further consolidation into wave 4

UPS Technical Indicators: Above all averages and moving towards the 20 EMA which could act as support.

Analyst: Alessio Barretta

United Parcel Service Inc., UPS: 4-hour Chart, August 25, 2022, 

United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: Looking for further downside to complete wave 4. Wave a of 4 could be nearly completed.

UPS Elliott Wave count:  Wave a of 4.
UPS Technical Indicators: We just moved past the 20 EMA, looking for a bounce soon.

UPS Trading Strategy: Looking for at least a three-wave move to start building longs into wave 5 of iii.


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