PYPL - immediate support + levels below

23 Eki 2023

No doubt, that this week is not only going to be important to the overall markets.

While PYPL is, once again, at crucial support.
To me, the $49 area (.all time .786 on Log) remains a key point.

Closing the gap below that zone is kinda fine but already pretty overcrowded & obvious - making me leaning more to expect bears squeezing things further down. (e.g. after a little relief rally).

24 Eki 2023

Not

While she made a new low and technically is good to reverse, I doubt the .786 remains untested.

If she takes out the high at ~60 in five waves up, I'd be keen to trade the pullback - not taking it out/moving up in three waves only means lower (for me).