Long term bear v. short term bull for PYPL
Updated
Clear 5 waves (of a high degree) down + declining technicals suggest more pain to come in the years ahead.
However rebounce to 100+ in the short term should also be very doable.
The 0.618 retracement from ATH is hard to ignore, weekly RSI closing above 24 will confirm the positive divergence.
Wait until the OpEx dust settles on Friday and we should be good to go for sideways to up in the next few weeks/months.
However rebounce to 100+ in the short term should also be very doable.
The 0.618 retracement from ATH is hard to ignore, weekly RSI closing above 24 will confirm the positive divergence.
Wait until the OpEx dust settles on Friday and we should be good to go for sideways to up in the next few weeks/months.
Trade active
putting stop at 68, technicals look interestingtradingview.com/x/iVaptpw0
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