SamSuka
The Long Investor
The Long Investor

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$PYPL TOP 20

$PYPL has retested the 2.618 Fib from above this week and has so far managed to hold, so the commentary is the same as last week, a melt up scenario here could see an extension to the 3.618 Fib at $96....but as standard we always set Wave 5 at the 2.618 Fib and this is where we would expect the ABC pull back to start, which is why I have added in the pull back levels and the ABC count.

But this can have no issue extending, which is why I am just holding my position right now.

$PYPL TOP 20

Comments

Hey cap, how do you get your fibs for an abc correction? Where do you start with lowest low and highest high? Looks like this is from wave 2 to wave 5. Am I seeing that right?

Leo O

Same here. Been a while!

Massey

Thank you for the update, I have been holding for a few years now…just started to go green on my long position

Anil Samuel


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