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PayPal Holding Ltd., Elliott Wave Technical Analysis Thursday 01 December 2022

Alessio Barretta |01 Dec, 2022 | 0 Comments | Return|

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 PayPal Holding Ltd., Elliott Wave Technical Analysis Thursday 01 December 2022

4 Hour

PayPal Holding Ltd., PYPL: 4-hour Chart, December 1 2022
PayPal Holding Ltd., Elliott Wave Technical Analysis
PYPL Stock Market Analysis: It looks like there is a possibility the correction is completed as we also reacted higher form a high volume level.
PYPL Elliott Wave count:  Wave {ii} of 3.
PYPL Technical Indicators: Below all EMAs.
PYPL Trading Strategy: Similar strategy to the daily chart, it is worth mentioning that going long now carries a higher risk as there is no strong evidence in favor of the fact the correction in wave {ii} is finished.


Daily

PayPal Holding Ltd., Elliott Wave Technical Analysis
PayPal Holding Ltd., (PYPLNASDAQ): Daily Chart, December 12022,
PYPL Stock Market Analysis: We have had an additional move lower which we weren’t anticipating, however the overall count stays intact as there has been no massive wave count invalidation.
PYPL Elliott Wave Count:  Wave {ii} of 3.
PYPL Technical Indicators: Below all EMAs.
PYPL Trading Strategy: Looking for further upside into wave {iii} with an aggressive trade which could guarantee a high return given the high risk with a stop below 71$.

 

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