PYPL - Another HTF Bullish Beginning Despite Probable FED Pivot

23 Ağu

Did look weak having slumped through the demand line.

But it has now made a strong recovery back above.

This is a significant tide turning event I think.

And so it would appear that yet again we have a 3 wave upside correction to initiate an accumulation phase...

This leads to a slump.

From there, the first uptrend of significance has begun.

So PayPal is a nice buy here I think.

It may yet slump back to re-test the demand line also if Nasdaq has a pull back.

But in higher time frame, this looks to be a great buy-and-hold for long term.

It is interesting this phase because we have a potential FED pivot next month which historically has led to devastating losses.

But yet we are seeing quite a few stocks making their way out of accumulative structures.

So we'll have to see how that plays out.

But the chart on its own merit looks very good here for an entry.

PayPal is still very much no.1 in online payments.

So this should be a solid buy really.

Not advice

23 Ağu

İşlem aktif

If you like this deep value post then "BOOST" me up so my thread gets higher in the lists 👍.

26 Ağu

Not

PYPL

Small pop to open, but yet moving against the Nasdaq slump.

So this is a sign of strength.

PayPal may well be a sleeping giant here and could wake up with a roaring rally.

If it holds this area without much of a pull back then I think that may be on 🧐.

23 Eyl

Not

No-one likes the "I told you so" guy.

But I told you all the FED pivot would be bullish.

And as I pointed out, PYPL has already become bullish.

Gap up to start the week.

Notice the little shakeout through the demand line was the pivot low change into an impulse wave up.

PYPL really put everyone to sleep with the long shallow trend...

And thats how it goes; you need to be on the ball to spot the change up.

Could be fireworks from here 😯.

3 gün önce

İşlem kapandı: hedefe ulaştı

PYPL is currently in this ratio cluster.

Its hitting two 1.618 extensions (reverse and trend based) and this is also hitting the 0.786 overshoot ratio of a retracement Golden Window (0.618 - 0.786) taken from the previous peak.

Notice that this upside correction has 3 waves.

We've seen this 3 wave pattern many times and it often leads to significant collapses.

Upon hitting the 1.618 cluster, it has printed a "gap-up-dump-down" bull trap shakeout pattern.



Notice that 2 previous occasions this pattern led to a significant sell off (red arrows).

So i'm taking 100% profit here

Its been a great trade 👍.

evvelsi gün

Not

The very next day and PYPL is dumping hard 😯.



Glad I took 100% profit.

That was a perfect trade 👍