No doubt, that this week is not only going to be important to the overall markets.
While
PYPL is, once again, at crucial support.
To me, the $49 area (.all time .786 on Log) remains a key point.
Closing the gap below that zone is kinda fine but already pretty overcrowded & obvious - making me leaning more to expect bears squeezing things further down. (e.g. after a little relief rally).
While
PYPL is, once again, at crucial support.To me, the $49 area (.all time .786 on Log) remains a key point.
Closing the gap below that zone is kinda fine but already pretty overcrowded & obvious - making me leaning more to expect bears squeezing things further down. (e.g. after a little relief rally).
Note
While she made a new low and technically is good to reverse, I doubt the .786 remains untested.If she takes out the high at ~60 in five waves up, I'd be keen to trade the pullback - not taking it out/moving up in three waves only means lower (for me).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.