PYPL
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
PYPL Primed for move up after consolidation and W Bottom.Likes to consolidate after strength and return to growth after "W" double-bottoms. Higher highs could lead to a strong bounce off the current possible W Bottom test.
I expect a bounce up to appx $125 and a return to appx $118 by February 2020.
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.
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PYPL - What to expect on 4hr - PAYPALChart says it. We just made a new high which for me means look for signs of trend reversal. As I've said before trend reversal starts when you start closing below levels that brought you to your most recent high. Im looking to get short, if that wasn't made clear. Not financial advice. Trade safe.
PAYPAL SHORT TERM. AT WAVE 5 OF 5 OF WAVE 3. LOAD UP ON SHORTSOPTIONS PLAY: LONG PUTS or sell calls.
Entry: $108.97-$110.00
Target: $90.
Keep an eye on the sub wave 1-2 extension at $110 at 3.0. A blow past the green zone will have to reconsider the count. Puts 2 months out, cant go tits up.
This is a close-up of the larger wave 3, see my long term chart for this.
The EW count suggests we are at the top here and about to hit the big ABC down to $90 where the 200 DMA and 618 of the fib retracement sits. Fib extensions shown to predict the end of wave 5, and has accurately predicted several of the wave counts before. All EW rules are obeyed and the standard impulse applies. The biggest question is the time factor. I imagine the B wave will be drawn out and a possible flat due to the volume profile and resistance we built on $100-$105. I will be looking to trade the $110-->~$100 swing, exiting and re-entering. for the big C. No stops identified, trade at your own risk.
VISA... SAME AS PAYPAL. SHORT IT!Made a VISA chart to compare against my paypal TA. very similar wave structure, but paypal will have more volatility. See my short term PYPL chart for entry targets.
Looking at major indexes (SPY/ DJI), the top is close. Whether youre a bull or a bear, the top of this 2019 rally is close... Algos will certainly be selling the ATH's if we even get that close. Check out the daily 200 MA's... right at the 0.618 for these stocks. Target here for a leg down.