Paypal has finally acted like it is forming a bottom, after a long and bloody decline that drove it down 70% from the top. I think the market is going to produce a substantially big relief rally, similar to the move that took place in the year 2000, from May to September back then. Equities then proceeded to roll over steadily, after triggering a monthly timeframe Time@mode down trend signal. Sentiment is extreme and people have finally panicked enough with rising oil and the war in Ukraine situation, to the point that I think a rally will catch everyone offside here.
Best of luck,
Ivan Labrie.
Comment
⋅
Worked perfectly, now retested the buy zone again.