Bulls are exhausted to push price higher

20 Eyl 2024

PYPL rally seems to be short-lived as the volume is up but bulls are exhausted. After the Fed's 50 Basis point interest cut, the market euphoria fueled this week's rally, which doesn't seem sustainable. I also see the culmination of Elliott impulse wave 12345. There are two gaps to fill and the gap at $66 is likely to fill soon, once the bears come in. I am looking for a $70 target short term and $58 in the medium term (3 Months).

This is not a financial advice.

Cheers!!

23 Eyl 2024

İşlem aktif

Interestingly the volume is down by 50%. Today was the last push from the bull's side which moved slightly higher.

2 Eki 2024

İşlem aktif

$73.80 Level incoming