SamSuka
The Long Investor
The Long Investor

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$PYPL TOP 20

Plan remains the same here too, Wave 5 got a higher high but did not hit the 1.618 Fib at $75, the market sell off was too strong

White Fib support levels were already on the chart so we have been expecting this pull back

No concerns here

I would like to see a healthy pull back at least to the 50 Day MA between the 0.5 - 0.618 Fib levels to get maximum benefit of this pull back

$PYPL TOP 20

Comments

Many thanks ..

Johnnyboy

The larger 0.618 Fib is for the Primary Wave 2 and the smaller one is for the latest pull back in the smaller time scale impulse wave. Each impulse count, has smaller impulse subwaves within them.

Gareth Neary

Please excuse my ignorance, but there seems to be 2 x 0.618 fib levels on the PayPal chart. Is this normal based on various levels, or a mid-type? Just not noticed it before ..

Johnnyboy


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