Today, we will speak about the current situation of PYPL
-We can see that the price reversed from a strong support zone
-The price broke the current descending trendline
-On the edge of that broken trendline, we can see a corrective pattern, of course, that if the price keeps falling, the setup would be canceled.
-The final target for this pattern is the next resistance zone at 276.00
- The stop loss for this situation must be placed below the whole structure.
-In case everything goes as expected, we think the duration of the movement can take between 5 to 10 days
Thanks for reading!
-We can see that the price reversed from a strong support zone
-The price broke the current descending trendline
-On the edge of that broken trendline, we can see a corrective pattern, of course, that if the price keeps falling, the setup would be canceled.
-The final target for this pattern is the next resistance zone at 276.00
- The stop loss for this situation must be placed below the whole structure.
-In case everything goes as expected, we think the duration of the movement can take between 5 to 10 days
Thanks for reading!