11Dec
United Parcel Service Inc., Elliott Wave Technical Analysis 12 December 2022
United Parcel Service Inc., Elliott Wave Technical Analysis 12 December 2022
4 Hour
United Parcel Service Inc.,UPS: 4-hour Chart, December 12 2022
United Parcel Service Inc.,Elliott Wave Technical Analysis
UPS Stock Market Analysis: We could potentially have finished wave a and be in wave b of (b). However the initial move up in potential wave b seems to be a three wave move and therefore we could still break the low of wave a. Support could be faced at around 167$ where we have large volume from the previous up swing.
UPS Elliott Wave count: Wave b of (b).
UPS Technical Indicators: 20EMA acting as resistance.
UPS Trading Strategy: Lookin for shorts, potentially up to 167$
Daily
United Parcel Service Inc., Elliott Wave Technical Analysis
United Parcel Service Inc., (UPS:NYSE): Daily Chart, December 12 2022,
UPS Stock Market Analysis: UPS has been moving as expected from the last update. We are looking at a move off the 155$ lows as a corrective move, being a three wave structure. We are not forecasting either a three wave move or a triangle in wave (b).
UPS Elliott Wave Count: Wave (b) of {b}.
UPS Technical Indicators: Averages are crossing, 20EMa acting as resistance.
UPS Trading Strategy: Look for short term short and then wait for a clearer picture on how wave {b} is going to look
About the Author
Related
Elliott Wave charts by Alessio Barretta 4 Hour - It looks like we could either have a nest into wave...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - The move up in wave 1 can also be counted as a thre...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - We are missing one more leg higher into wave {c} of...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - Looking for an extension higher into wave 3 as we s...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - It looks like we are in wave e of the triangle in w...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - Looking for a correction in micro wave 4 to then re...
Read More >
You need to login in order to comment