PayPal - Bullish Set Up on the horizon?

Updated

PayPal faces a long downtrend with a additional big drop down after the last numbers. Again there is a attempt to find a bottom and there cold be a possible rebound with targets at 82 $ and above 100$ due to an cup and handle like figure as well as a not yet active Wolfe Wave. Not a long yet but it could turn into it.

Note

The CuH is active, next target is the upper Gap Down border where the upper WW cone line is located

Note

To make it short, all bullisch pattern lost, at least the CuP gets to the target but at that point the momentum collapse. Now working at the red line to hold the recent bottom level, so we are at a path deciding MoB level. Either a possible new bullish momentum or another slump to a new local low. So far no big momentum to the upside can be seen so my expectation is wie will break the MoB bearish, but so far there is no clear signal for this scenario.

NDD46

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