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PayPal Holdings Inc., Elliott Wave Technical Analysis

PayPal Holdings Inc., (Nasdaq: PYPL): Daily Chart 3 August 2023

PYPL Stock Market Analysis: We have been looking for a potential bottom at 58$ for a while and we successfully pullbacked from there. At this point we are looking for confirmation of at least a three wave pullback to the upside, if not the resumption of the overall bullish trend.

PYPL Elliott Wave Count: Wave 2 of (1) or (A).

PYPL Technical Indicators: Between 20 and 200EMA.

PYPL Trading Strategy: Looking for longs on the way up into wave 3.s  

Analyst: Alessio Barretta

PayPal Holdings Inc., PYPL: 1-hour Chart, 3 August 2023

PayPal Holdings Inc., Elliott Wave Technical Analysis
PYPL Stock Market Analysis: Looking for an expanded flat in wave 2 which signifies strength of the uptrend, therefore we could expect a shallow wave 2 ending soon as we already met equality of {c}vs. {a}.

PYPL Elliott Wave count:  Wave {c} of 2.

PYPL Technical Indicators: Above 200EMA.

PYPL Trading Strategy: Looking for longs into wave 3.

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