$PYPL is at an interesting point here, we said there is a possibility that the 3.618 Fib can be tested at $96 but $PYPL is also approaching the 1.618 Fib shortly at $90.92 which is taken from its Primary Wave 1 and Wave 2
So there will likely be some resistance at this level and we can see that the price action is also in a tightening ascending wedge too.
I will be looking for a rejection between $90 - $96 before pulling back and dropping into our Buy Zone so we can add again.
I will certainly trim some too if we get a rejection at this range.
P7
2024-12-08 18:53:11 +0000 UTC