$PYPL TOP 20
Added 2025-02-04 16:19:53 +0000 UTCDown -9% now after a difficult earnings on margins but a lot to be hopeful for if the price can continue to move down for an ABC correction to $75.
Right now the Wave 4 pull back is still valid because the price is about to touch the 0.38 Fib, which is standard for Wave 4 and we can see 3 clear waves.
I suspect a bounce will likely come on this level and it could either be Wave B or Subwave 1 of Wave 5, so we will need to watch this closely
A rejection of the 50 Day MA from below at $88 would indicate that we are in Wave B and I would expect a lower low next to $75 at the 200 Day MA and we buy in the Buy Zone.
Comments
Thanks cap, most of us are still well in the green. Great to have some guidance after earnings.
Willy G
2025-02-04 16:25:32 +0000 UTC
