Paypal Holdings Inc. (PYPL) Stocks Elliott Wave Technical Analysis
PYPL Elliott Wave Analysis Trading Lounge Daily Chart,
Paypal Holdings Inc., (PYPL) Daily Chart
PYPL Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave 3 or C.
DIRECTION: Upside in wave 3/C.
DETAILS: We are looking at upside potential within wave 3 or C which needs to unfold in a five wave manner, and we seem to be standing within wave {iii}. Equality of 3 vs. 1 stands Trading Level 8 at 80$, which is often time a minimum upside target for wave 3 or C.
(Click on image to enlarge)
PYPL Elliott Wave Analysis Trading Lounge 1H Chart,
Paypal Holdings Inc., (PYPL) 1H Chart
PYPL Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (iv) of {iii}.
DIRECTION: Upside in wave {iii}.
DETAILS: Looking for a triangle in wave (iv) to be near completion to then continue higher towards 1.618 {iii} vs. {i}.
(Click on image to enlarge)
This analysis provides insight into PayPal Holdings Inc. (PYPL) based on the Elliott Wave Theory, focusing on both the daily and 1-hour charts to evaluate the current market structure and potential future movements.
* PYPL Elliott Wave Technical Analysis – Daily Chart*
PYPL is currently unfolding in wave 3 or C, which is an impulsive wave characterized by strong upside potential. The equality level between wave 3 and wave 1 stands around Trading Level 8 at 80$, which often serves as a minimum target for wave 3 or C. Given this, we expect further upside as wave {iii} continues to develop, and reaching the 80$ target seems reasonable in the near term.
* PYPL Elliott Wave Technical Analysis – 1H Chart*
PYPL is in wave (iv) of {iii}, where a triangle correction seems to be forming. Once this triangle correction is completed, the stock is expected to resume its upside momentum toward the 1.618 Fibonacci extension of wave {iii} compared to wave {i}. This next leg up in wave (v) of {iii} could push the price toward the anticipated target of around 80$.
Technical Analyst Alessio Barretta
Source : Tradinglounge.com get trial here!
More By This Author:
Unlocking ASX Trading Success: SOUTH32 LIMITED – S32 Stock Analysis & Elliott Wave Technical Forecast
Binance Crypto Price News Today Elliott Wave Technical Analysis
VAS Stock Analysis & Elliott Wave Technical Forecast - Wednesday, September 4
Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Comments
![](/images/tinyMceCommentImg.png)