Bulls are exhausted to push price higher
Updated
PYPL rally seems to be short-lived as the volume is up but bulls are exhausted. After the Fed's 50 Basis point interest cut, the market euphoria fueled this week's rally, which doesn't seem sustainable. I also see the culmination of Elliott impulse wave 12345. There are two gaps to fill and the gap at $66 is likely to fill soon, once the bears come in. I am looking for a $70 target short term and $58 in the medium term (3 Months). This is not a financial advice.
Cheers!!
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Interestingly the volume is down by 50%. Today was the last push from the bull's side which moved slightly higher.
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$73.80 Level incoming
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