mtc

The main reasons for this are a weaker demand for delivery services and ongoing inflation, which has increased operating costs. Additionally, the labor dispute with the Teamsters union forced the company to agree to higher wages, further squeezing profit margins. The latest quarterly report also showed a decline in revenue and profit, which has weakened investor confidence. Analysts at JPMorgan recently lowered their earnings forecasts for UPS, further contributing to the downward trend

As mentioned in my last post, SOL was likely to show lower prices. Now having reached its short term target, what's likely to happen next?

Superordinate View:

Besonders Interessant für ein mögliches Etappen Ziel ist die Custerzone, welche sich aus den Rebounds 127 dieser beiden Muster ergibt. 

Looking at the 4h Chart we can see an ABCD Pattern whose Pattern Point D represents a Liquidity run. You'll also notice a RSI Divergence highlighted on the chart. We're almost at Target 2 but there's more downside potential.

The X-ABCD has now broken rule Target 2 and there is a weak option for a new intra abcd. 

You find a Adam & Eve  Chart sheet here.

The Analyse starts here

You can find the short setup of the previous movement here. In reaction to the squeeze, a new ABCD pattern has formed, and it has now reached rule target 1 on the 0.38 Fibonacci.