United Parcel Service Inc. Elliott Wave Technical Analysis
United Parcel Service Inc., Elliott Wave Technical Analysis
United Parcel Service Inc., (UPS): Daily Chart, October 7 2022,
UPS Stock Market Analysis: Moving as expected, we are looking for further downside with at least one more move down.
UPS Elliott Wave count: (iv) of {c}
UPS Technical Indicators: We are below all averages
UPS Trading Strategy: Looking to short on wave (iv) to potentially target equality of {a} and {c} at 148$.
(Click on image to enlarge)
United Parcel Service Inc., UPS: 4-hour Chart, October 7 2022
United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: The sub waves are pretty clear which gives us additional confirmation. Looking for further downside and potentially a sideways wave (iv) alternating with wave (ii).
UPS Elliott Wave count: Wave (iv) of {c}.
UPS Technical Indicators: We are using the 20EMA as resistance as well we are starting to form RSI divergence.
UPS Trading Strategy: : Looking to short on wave (iv).
(Click on image to enlarge)
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