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PYPL

Paypal Fibonacci TradePaypal has broken bearish trend, and is attempting to cross 50% retrace from most recent drop and has met strong resistance. This chart has bounced off a long term Fib trendline of 50%, which we can expect profit taking at 88%, 100% and 161.8%. Short term, the 5MA has crossed over the 8MA on the 1D charts, which is a bullish indicator, as well as a W bottom, with a breakout above a trendline. We saw a very large volume of trading on October 24, enough to indicate a pivot. We can expect strong resistance at this 50% ($108), which may cause a failed bullish signal, but I expect the previous resistance to turn into support, as the broken trendline will now become a support zone. We may see a bounce off this support zone, and I have marked the short term Fib Retraces with RED for resistance zones. Strong resistance at $108, and $111. The green lines indicate targets, 88% and 100%, or $116, and $121. This trade is a long term Fibonacci Bounce off the 50% line from December 24 2018 (low), until July 16 2019 (high).
NASDAQ:PYPLLong
by Shwayze
1
PYPL Potential Bullish Longer Term Swing Trading OpportunityUsing our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Long 5th Wave Swing Trading Opportunity for PYPL on the Weekly time frame . The 5th wave move in an elliottwave sequence is the highest probability move. The wave 4 pull back has found support in the Amber zone of our probability pullback zones, which represents an 80% probability that our automated 5th wave target zone, in blue on the chart, will be hit. We see yellow dots formed in the overbought zone on our special False Breakout Stochastic indicator, which signals strong Bullish momentum. When, during a wave 4 pullback, the stochastic pulls back against these false break out dots and crosses in the oversold zone, there is a high probability the stocks price action will resume the overall bullish trend . We also measure the wave 4 behaviour with our Elliottwave oscillator, which has pulled back within our pre-determined zone. So overall we have identified, using our Elliott Wave Indicator suite for TradingView, a high probability long swing trading opportunity for PYPL , Weekly Time Frame , with the following entry strategy: Long entry through $109.07 Stop Loss $94.71 Target $132 Giving a Risk to Reward of 1:1.6
NASDAQ:PYPLLong
by xBratSoftwareSolutions
Long Term 5th Wave Swing on PYPL to the UpsideIts always great to have long term investments in your portfolio with strong growth Stocks. PYPL is getting ready to be added to our portfolio after a recent wave 4 pullback on the weekly timeframe. Using our Elliott Wave Indicator Suite for the TradingView Platform we can see the recent wave 4 met all of our criteria for behaviour. 1. Wave 4 pullback found support in the amber zone of our probability pulback zones, representing an 80% probability the price will go on to reach our automated target zone (in blue on the chart) around $130. 2. Elliott Wave oscillator pulled back between 90-140% during wave 4 pullback 3. Stochastic has pulled back against false breakout dots in over bought zone and then crossed in over in the oversold zone during wave 4. A conservative entry through $112 is sensible here and will be a physical holding that will run into next year, 2020. To understand how our Elliott Wave Indicator Suite works for the TradingView platform and how it can help your stocks, forex, futures, crypto and commodities trading, please watch the video tour >>>HERE<<<
NASDAQ:PYPLLong
by xBratSoftwareSolutions
1