PYPL - Another HTF Bullish Beginning Despite Probable FED Pivot
Updated
Did look weak having slumped through the demand line.
But it has now made a strong recovery back above.
This is a significant tide turning event I think.
And so it would appear that yet again we have a 3 wave upside correction to initiate an accumulation phase...
This leads to a slump.
From there, the first uptrend of significance has begun.
So PayPal is a nice buy here I think.
It may yet slump back to re-test the demand line also if Nasdaq has a pull back.
But in higher time frame, this looks to be a great buy-and-hold for long term.
It is interesting this phase because we have a potential FED pivot next month which historically has led to devastating losses.
But yet we are seeing quite a few stocks making their way out of accumulative structures.
So we'll have to see how that plays out.
But the chart on its own merit looks very good here for an entry.
PayPal is still very much no.1 in online payments.
So this should be a solid buy really.
Not advice
But it has now made a strong recovery back above.
This is a significant tide turning event I think.
And so it would appear that yet again we have a 3 wave upside correction to initiate an accumulation phase...
This leads to a slump.
From there, the first uptrend of significance has begun.
So PayPal is a nice buy here I think.
It may yet slump back to re-test the demand line also if Nasdaq has a pull back.
But in higher time frame, this looks to be a great buy-and-hold for long term.
It is interesting this phase because we have a potential FED pivot next month which historically has led to devastating losses.
But yet we are seeing quite a few stocks making their way out of accumulative structures.
So we'll have to see how that plays out.
But the chart on its own merit looks very good here for an entry.
PayPal is still very much no.1 in online payments.
So this should be a solid buy really.
Not advice
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PYPL
Small pop to open, but yet moving against the Nasdaq slump.
So this is a sign of strength.
PayPal may well be a sleeping giant here and could wake up with a roaring rally.
If it holds this area without much of a pull back then I think that may be on 🧐.
Note
No-one likes the "I told you so" guy.
But I told you all the FED pivot would be bullish.
And as I pointed out, PYPL has already become bullish.
Gap up to start the week.
Notice the little shakeout through the demand line was the pivot low change into an impulse wave up.
PYPL really put everyone to sleep with the long shallow trend...
And thats how it goes; you need to be on the ball to spot the change up.
Could be fireworks from here 😯.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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