whiteknightmoving
Short

PYPL - Short opportunity?

NASDAQ:PYPL   PAYPAL HOLDINGS INC
If this count is correct, we could begin shorting in the sell zone. If you can watch the 15 min moves, look for the butterfly to complete (purple).
Another possibility id the Deep crab pattern (blue) this is a higher target and if we watch for 5 small waves up, it would also be a great low risk set up.
The target is way down at the pesky gap close (purple arrow) which would tag the wave 4 low in the bigger pattern of an ending diagonal .
Lets see if we can make some money with this play.

Comments

@whiteknightmoving - Great chart! Couple of observations - the BC leg in your harmonics (before the wave 1 starts) is a 3-wave so cannot be the "C" wave of the bigger correction that started in Sept/Oct. Also the initial drop to Oct lows (XA leg) is about 19 points, while the BC leg is around 13.57 points - ratio = 0.714 - not a clean 0.618 ratio for a C = 0.618A. So 2 strikes against the BC leg to be counted as a C wave to end the correction... Given that, the wave 1-2-3-4-5 you have drawn is likely the c-wave of an expanded B-wave, with the A-wave being the XA leg? If yes, then the actual C-wave correction after wave 5 completes at ~98, will need to culminate in a 5-wave structure, and might end at ~67-ish or so. Hopefully I havent confused myself (and others reading this!) with my wave counts :)
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