It looks like yesterday drop (-5%) is forming the right shoulder that can bring to a strong movement at the end of this index consolidation phase
Comment:
Perfect bounce at 57,4 (same as left shoulder)
Comment:
I think upside movement will get stronger crossing SMA50 at 59,30$ and SMA100 at 60,16$
Inverted HS neckline is around 64$
Upside movement crossing neckline can be strong enough to exit descending channel and fill the gap between 67$-72,6$
Inverted HS neckline is around 64$
Upside movement crossing neckline can be strong enough to exit descending channel and fill the gap between 67$-72,6$
Comment:
Straight to 64$, i have great expectation on PayPal