PYPAL, Further Continuation Follows When This Happens!

Hello Traders Investors And Community,

Welcome to this analysis where we are looking at PYPL 4-hour timeframe perspective, the recent events, the current formational structure, what to expect next times and how to handle upcoming situations, as the stock-market showed increased downside setbacks the last times there are stock values which still holding important levels like PYPL, now the big question is if these levels can hold and recovery will follow or declines established a continuation to the downside, in this case, I detected the important zones and possible outcomes for the stock.

Looking at my chart you can watch there the stock recently tested the 100-EMA and the second blue trendline and bounced to mark these two levels as support, therefore these preliminary support levels are highly important to hold, when they do not hold bearish decline will increase, the next times we can expect somewhat a shorter rally in the current established range, this rally will lead to the possible short-zone marked in red in my chart, this is a level where resistance lying and supply can enter the market, when this zone confirms bearish, bearishness will continue till there is solid support found where the price can stabilize, in this case this will be the second blue trendline which the stock can manage to hold, as it is marked in my chart, when this blue trendline does not hold and the stock closes below to move also below the 100-EMA this will cause the next bearish leg to the downside aiming at the blue levels marked in my chart, when they are reached it has to be elevated if the stock sets up for more bearish downside or a reversal can be measured here in the level.

Overall the bearishness established has some serious potential to continue which will happen under the stated circumstances, this structure is also matching to the overall main stock market situation where the important big indices showed heavy declines to the downside we should not keep this by side. Fundamentally the stock is not necessarily bad lined up as it is digitalized which is important these days, however this does not mean bearish declines can not show up, in this case, it has to be elevated how and when the market can form a potential reversal.

In this manner, thank you for watching, support for more market insight, good weekend to you and all the best!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the markets.

Comment:

ANALYSIS UPDATE: PYPL continued with the pullback off the major resistance short-zone to accelerate with bearish momentum below previous levels approaching the major range levels.