UPS - Delivering A Trend Continuation...

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈UPS has been overall bullish long-term, trading above the orange trendline.

Currently, UPS is in a correction phase trading within the falling channel marked in black.

Moreover, the zone marked in blue is a strong demand zone and round number $100.

🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower trendlines acting as non-horizontal support.

📚 As per my trading style:
As #UPS approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich