Elliott Wave Technical Analysis: PayPal Holdings Inc., Sept. 29

Elliott Wave Analyst - tradinglounge • Sep 29, 2022 at 6:06 AM EDT

For PayPal Holdings Inc. it looks like we have a three wave structure to the downside which makes us believe the count is moving as expected. Waiting for confirmation level to be broken.

PayPal Holdings Inc., Elliott Wave Technical Analysis

PayPal Holdings Inc.,(PYPL): Daily Chart,September 29 2022

PYPL Stock Market Analysis: It looks like we have a three wave structure to the downside which makes us believe the count is moving as expected.

Waiting for confirmation level to be broken.

PYPL Elliott Wave count:{c} of 2.

PYPL Trading Strategy: Lookinga break of the green line and then a three wave pullback.

PYPL Technical Indicators: We are trying to go back above the 20 EMA.

TradingLounge Analyst: Alessio Barretta

Source Tradinglounge.com

PayPal Holdings Inc., PYPL: 4-hour Chart, September 29 2022

PayPal Holdings Inc., Elliott Wave Technical Analysis

PYPL Stock Market Analysis: The most important thing was to count 5 waves into wave {c} and we can identify them.

PYPL Elliott Wave count:{c} of 2. PYPL Technical Indicators: Above the 20EMa and RSI made a bounce into neutral territory.

PYPL Trading Strategy: Looking a break of the green line and then a three wave pullback.

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