PAYPAL HOLDINGS INC.: WAVE ANALYSIS

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PAYPAL HOLDINGS INC.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationSELL
Entry Point66.43
Take Profit50.00, 40.00
Stop Loss71.60
Key Levels40.00, 50.00, 71.60, 89.55, 103.86
Alternative scenario
RecommendationBUY STOP
Entry Point71.65
Take Profit89.55, 103.86
Stop Loss65.70
Key Levels40.00, 50.00, 71.60, 89.55, 103.86

A fall is possible.

On the daily chart, the upward wave of the higher level А formed, and a downward correction develops as the wave B, within which the wave (C) of B forms. Now, the third wave of the lower level 3 of (C) is developing, within which the wave iii of 3 has formed, the wave iv of 3 has ended, and the development of the wave v of 3 is starting. If the assumption is correct, the price of the asset will fall to the area of 50.00–40.00. In this scenario, critical stop loss level is 71.60.

PAYPAL HOLDINGS INC.: WAVE ANALYSIS

PAYPAL HOLDINGS INC.: WAVE ANALYSIS

Main scenario

Short positions will become relevant below the level of 71.60 with the targets at 50.00–40.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price above the level of 71.60 will let the asset grow to the area of 89.55–103.86

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