PayPal Holdings (PYPL): Will $55.77 Hold?At the request of one of our members, we're taking a closer look at PayPal Holdings, which we haven't reviewed for a while. PayPal is currently in a sideways movement, respecting the top of Wave ((ii)) at $68.21. Although there was a wick above this level, no significant breakthrough has occurred.
We have developed a bearish divergence with the RSI, indicating potential downward pressure. While still within this range, we expect the price to eventually sell off towards the Point of Control and the 78-88.2% Fibonacci retracement levels, potentially completing Wave ((ii)).
It is crucial that the price does not fall below the range low of $55.77. If it does, we could see levels around $50 to $52. As long as the price remains above $55.77, we are considering this range for potential entry points.
Correcton
EURUSD📈Resistance level ❗At the moment, the price is returning to the local descending channel. Now we are at the lower border. I am waiting for a return to the center of the channel, where the resistance level is. If we do not break it, then we go to retest the lower border of the channel, where the local support level is.
Have a nice trade!
USDJPY❗ Sideways range📈At the moment, the price is in a sideways movement range, near the lower border. A false breakout with an exit to the top and a return to the sideways range is possible, but the scenario of a level retest with an exit to the top without a breakdown is more likely.
Have a nice trade!
BRACE! TESLA: may correct soon. Pure greed has driven TESLA to ridiculous heights.
Robinhoods are in this market. Most of them from China.
Parabolic expansions tend to fall - sometimes very quickly.
Stay tuned. Stay safe.
Wash your hands and face! 😂
Eat veg! LOL.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
GBPJPY UPDATE III: Price Continuing HigherAs we can see on the updated chart from yesterday, we see that price made a nice correction in wave (iv), and then made a nice reversal higher near the 38.2 Fibonacci projection, which usually acts as a support and a turning point for fourth wave corrections. Anyhow we now believe price can still reach higher levels within blue wave iii around the 1.618 and 2.0 Fibonacci ratio, before a possible higher degree correction can kick off.
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USDJPY: More Weakness Could Be In StoreIf our view above is correct then JPY will gain even more in the next few sessions or even days. That said, we will keep a close eye on USDJPY for possible shorts after a pullback as leg down from March high looks like a new five wave decline in play. Our special focus should then be on black wave 4 for shorts, while 112.01 level remains in play.
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@ewforecast