this is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Hello everyone!
UPS has been in a downtrend for a long time however recently the price created the first higher low which might be the sign of the trend reversal. We are expecting a small pullback to retest previous resistance and confirm it as a support. Long position can be taken at the retest and the target would be on the next horizontal resistance. Target...
No predefined Pattern per se, but price action is looking Bullish. Entered a position at $147.59 looking to add on the way up to $166.57 at which point I will apply a Stop Loss and increase incrementally depending on the overall price action.
To determine Fibonacci retracement levels:
Identify the Recent Range: You need to identify the most recent significant peak and trough on the stock's chart.
Draw the Levels: Using those two points, you draw horizontal lines to indicate where potential support and resistance levels should be. These are based on key ratios identified by Fibonacci which are: 23.6%,...
Nice head and Shoulders on the United Parcel Service
#UPS and FEDEX are the new dow transport indicator.
An underlying determinant of how the consumer is faring
Since the US is a consumer economy and Online shopping is the majority of retail
if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate
it would give your non...
This triangle has broken to the downside.
Close to a support level.
Engulfing candle/bearish today but needs a 3rd candle for confirmation.
NO RECOMMENDATION
Trading at key support level. Watch for a bounce and pull back to the inverse fair value gap for long entry. Consecutive closing below support- close position!
PS- Not financial advice. Do your own due diligence.
United Parcel Service Inc. (UPS) having previously closed below key support, showing potential weakness.
However, there is significant support below present price levels.
Holding above secondary support, (UPS) is susceptible to recovery over the months ahead.
A weekly settlement above near-term resistance would place (UPS) in a buy signal where gains of 20%...
I was looking into UPS as a possible investment, and wanted to get a price, but after looking at the chart, I'm not sure it's worth it. There seems to be a lot of potential downside, including a pretty sizeable gap around $120.
With almost everyone telling me the market is going to crash, I'm thinking we won't see it crash just yet, which does allow for some...
Weekly chart of UPS
UPS in the third impulse wave of its Corrective Wave (red coloured wave). However, we are only half-way into the third impulse corrective wave.
UPS had a support at 155 level, which it lost yesterday.
UPS is below 50 and 200 SMAs.
During the third impulse wave of the Motive Wave (green coloured wave), UPS made a large gap from 125 to...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
It's crazy how a few candles can completely change the look of a chart. Just a reminder to always keep an open mind. This chart had great potential but now looks horrible imo. Head & shoulders neckline is $155. I have a target of $80 if it breaks which would put price right around the c0vid lows.
Overall the metrics are looking bearish in this chart but the formation which we're forming could be identified as double-bottom.
If the FED isn't sending the stockmarket in the basement, I stay bullish in this stock.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 162/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
