Paypal has rallied about 260% since covid19 low back in Mar'20.
Price retraced after hitting ath on July 26, giving us ABC retracement (purple drawing line).
What I'm forecasting now is a short 5 Elliot Wave up to Supply Zone.
Waiting for pullback (4th wave) to Demand Zone. Since there's a gap up on Aug 30, my entry will be at $280.
Target profit 1 at $300 (round number)
Target profit 2 will depends if the Supply Zone/ Resistance will hold. If it does, then will exit all. If it doesn't, then PYPL will have lots of upside potential.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Price retraced after hitting ath on July 26, giving us ABC retracement (purple drawing line).
What I'm forecasting now is a short 5 Elliot Wave up to Supply Zone.
Waiting for pullback (4th wave) to Demand Zone. Since there's a gap up on Aug 30, my entry will be at $280.
Target profit 1 at $300 (round number)
Target profit 2 will depends if the Supply Zone/ Resistance will hold. If it does, then will exit all. If it doesn't, then PYPL will have lots of upside potential.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Dagangan ditutup: hentian tercapai
setup invalidated
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.