5 waves completed on the long term picture
We did hit our 2:1 extension, which means that we may expect a pullback now.
100-103 USD, should be a good short opportunity.
On the long term i am looking for a pullback to 76 USD
Pay Pal looking great. Its move to the 100% mark is nearly certain at this point. I would look for rejection at 99.53 area and watch for the pullback to 96.92. area, and if it has momentum look for it to continue to 94.31. Dont get me wrong it could absolutely crush 99.53 and make a drive to 102.14, but wait for closes about that level to confirm. This is NOT...
I think paypal is a great company, really interesting from a fundamental approach, but kind of expensive.
Seeing some divergence in balance of power, money flow and price...with lots of low volume action days. Looks like the we (the little guys) are keeping PYPL "melting up" while the larger money is selling into the upward movement/momentum. The direction is up,...
This morning PYPL dropped to the target zone we talked about last week perfectly! The previous chart has been left with our expectations from last week. This way we can see the time is the elusive factor. This price action happened faster than we thought as shown by the waves 3 and 4 (black lines). Harmonics helps with price targets, but not time.
The (50) March...
PayPal recently gave us a buy signal on the Megalodon indicator. It is important to keep an eye on the earnings coming out at the end of the day on Wednesday. For information on how to use the Megalodon indicator for yourself, send me a message!
Shares of PayPal (PYPL) appear to be breaking out of the triple top around $93. Should buyers remain involved, this thing is going higher. It's broken the downward trend of the RSI, has a rising OBV, and the MACD supports further increases. It successfully tested and held rising trend support (bold red line) and looks primed to break out.
Long shares and...
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)...
PYPL - With a Jan rally into end
of the month ER on the 30th,
opinions differ on its results;
so many traders believe the price
of a hopeful ER beat has been
priced into the rally, which fell
short of its resistance near 93.
Technically, the price action is
poised for a down trend back
towards historical support near
the upper 78's. A missed ER beat
Paypal has be bucking the trend it seems, but in my view that looks like an ABC Flat correction, Not financial advice, but it provides excellent trade potential as the stop at the all time high is close by. Looking for 5 waves down, we will be able to squeeze out the structure and timing better as it forms, but April options make sense based on the pitchfork and...
There is a bearish Divergence of Price vs. CCI on the PYPL 4-hour Timeframe. This Divergence occured right after the price crossed the Bollinger-Bands.
Each time something similar happend (bearish/ bullish Divergence, Price went outside the Bollinger-Bands) in the past couple Weeks, the Price was rising or falling to the current weekly Pivot.
A lot of Analysts...