simbha

Support/breakdown ?

NASDAQ:PYPL   PAYPAL HOLDINGS INC
55 3 6
Chart comments.
Toner,
Thanks for the comments/reply.
From the fibonacci point of checks, the bounces were failing on 50~61.8% retracements for last 3 weeks. Typically these rejections are accompanied price ranges inside a regression channel, which is bearish. Very few stock computer trading algorithms follow the Harmonics. Though it is nice to check support/resistances, i do not prefer Harmonics to select entry/exit points for individual stocks. Experts suggest that it is hard to predict these retracement legs inside a harmonic pattern. Prefer only buy/sell after completion of the pattern. Good Luck to you !
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toner simbha
@simbha, I agree with you...mine was "just" an "if-idea" ;-) thanks for reply and explanation. good luck to you too!
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I have to re-focus on PYPL my last chart is totally out of range, I will start from your point of view... I'll feed back here soon, thanks for your idea! >
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