PayPal Holdings Inc., Elliott Wave Technical Analysis

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PayPal Holdings Inc., (PYPL): Daily Chart, Monday, July 10

PYPL Stock Market Analysis: There is a possibility we have a bottom of quite a large degree in place. Ideally we want to see the end of wave (B) being broken and then a three wave pullback to the downside from there.

PYPL Elliott Wave Count: Wave 1 of (1)

PYPL Technical Indicators: 20EMA as support.

PYPL Trading Strategy: Looking for longs into wave {v}.

TradingLounge Analyst: Alessio Barretta

PayPal Holdings Inc., PYPL: 1-hour Chart, Monday, July 10

PayPal Holdings Inc., Elliott Wave Technical Analysis
PYPL Stock Market Analysis: It looks like we alternation seems to be respected between wave {ii} being sharp and {iv} time consuming. We cannot break 65$ as it would invalidate the whole count and this would become a three wave move and we would have to expect further downside at that point.  

PYPL Elliott Wave count:  Wave {iv} of 1.

PYPL Technical Indicators: Above 200EMA

PYPL Trading Strategy: Looking for longs into wave {v} to extend higher, as wave {iii} and {i} are similar in length, therefore we should expect an extension in wave {v}.

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