PYPL Wave 5
We''ve been tracking this count since last week, and the tech selloff coming into open pushed PYPL into hourly demand, which it respected premarket. Have it on high watch for a move up to $210 in the coming days. The first 1h supply zone is cleared out, and it can be deleted - prices consolidating in that zone have cleared out the sell orders and PYPL should blow straight through that level next time. On top of that gap from a few days ago is filled!
Trade closed: stop reached
Invalidated count - see next idea for new count
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.