By
Peter Mathers
of
Trading Lounge
Thursday, September 29, 2022 6:06 AM EST
PayPal Holdings Inc., Elliott Wave Technical Analysis
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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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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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