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Steve666
Dec 9, 2022 1:18 AM

PayPal (PYPL) ... 3 Possibilities 

NASDAQ:PYPL240
PayPal Holdings, Inc.NASDAQ

Description

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PayPal (PYPL) managed to return 30% in the first half of November 2022 and then gave it all back.

Obviously going forward there are three possibilities:

a) PYPL-Breaks dotted red line and traces out a Bullish Butterfly pattern with its point D being ~ $64

b) PYPL-Holds Bat D ~ $71 and traces out the same targets of the old Bullish Bat Pattern.

c) PYPL-Continues sideways

While we will most probably be hostage to J Powell and the Fed bullies until next week,

I would presently handicap the probability of each outcome as:

A) 30%

B) 55%

C) 15%

No position here...I'll let the price action direct me and get back.

As usual this is not investment advice... do your own due diligence!

S.
Harmonic PatternsBatButterflyharmonicpattren
Comments
TradingView
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Steve666
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@TradingView, Thank you
crystalcastles
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Wait so the possibilities are up down or sideways?? Incredible
Steve666
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@crystalcastles, it would appear you have trouble reading... obviously there a three outcomes depending on the timeframe and I have handicapped them and you are free to disagree... What original content have you added to the TV dialogue lately, instead of quarrelling with posted content.
mcmullan028
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@Steve666 ur a dummy
Steve666
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@Mahdi_bdinzr, Thank you
avito1
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Very very interesting idea... I think your scenario a will play out only if $68 fails... Not very knowledgeable on harmonics... But so far paypal might be ending a wave 2 retracement (which hasn't been invalidated), possibly starting a impulse wave 3.... (looking @ a pump into the 90s... Back to this level 68... And then hopefully it holds pushing up to 120... Should it not hold, 63-64 would be my next level of interest (could go even down to the 30s)...
Steve666
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@avito1, Thanks for the detailed comment. This is a fluid situation and PYPL does not operate in a vacuum.
Would love to see your EW chart which you may DM me or post here

Cheers,

S
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