Lot's of stops where hit probably behind the bigger structure.
It's the Sine Wave center, that is usually broken, bevor price returns in the opposite direction.
So, this is my chance and I'm on with my RiskReversal for a credit.
P!
Ups is looking good as moving in downtrend and if it breaches the Lower Trend line Then there will be a good opportunity to short this stock up with take profits @ flag UPS.
United Parcel Service, Inc. (NYSE:UPS) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued on Monday. They currently have a...
UPS and FDX both have been going bullish for a good while and setting off multiple timeframe bullish signals. Today though the lower timeframes are breaking down triggering reversals. This could be some profit taking down to swing trading support levels. The 30m breakout setup on UPS and I took it around the opening when my alert triggered. I went in with...
After a big rallye (ABC) the price realizes a double top, breakout on the neckline, test on the same line and straight down. Possible target 95$ level, 6,5% gain.
From its 2015 high, UPS declined in a textbook Elliott pattern. We label that decline as a simple ZigZag and as usual either it is all of a correction or part of it. Either way, UPS will eventually make new high and for the coming weeks UPS should go up at least in 3 waves. That view will hold as long this year low is not breached.
Markets are patterned but the...
Conditions haven't Changed.
T - Returns back as a valid setup again. This is possibly the only time I have seen a stock (while backtesting) - Sets up itself for 3 consecutive days.
UPS gaps down today into the daily unfilled gap and major demand. This kind of gaps are one of the best type of gaps to trade as this very often invite retall traders to add to the initial direction from the gap and is selling into objective high risk demand levels where price action has earlier shown an unbalance in supply and demand. This is a typical mean...
