$PYPL was fighting a big battle this week and somehow managed to stay in tact.
CPI came in hot and the US 10 YEAR shot up 3% which is a big hit on the finance sector but this did not break down the structure.....even on Friday under enormous market selling pressure, $PYPL managed to stay in this tight range but in a larger wedge.
As long as the price action staying above the 0.38 Fib, this subwave 4 is still in place.
$PYPL has a lot of cash on reserve which ironically is making money from high rates....but high rates stop growth....so there is a balancing act needed here and $PYPL is balancing both PROs and CONS very well right now.