$PYPL TOP 20
Added 2023-12-11 18:18:07 +0000 UTC10 Year Bond sale today and the CPI report tomorrow, meant $PYPL was unable to gather any momentum today and try and test the ascending triangle level or make a higher high.
However, a positive day tomorrow and if CPI comes in cooler than expected then we may get that move we have been looking for and the next stop will be at the 1.618 Fib at $64.
Market has been flat today in spite of many of the Mega Caps deep in the red....which I suspect is about getting the most out of tomorrow.
Comments
Nope ascending triangles are very bullish…ascending wedges are bearish. The difference is the straight line at the top of the wedge
Gareth Neary
2023-12-12 14:18:07 +0000 UTCAren't ascending triangles usually bearish? Looks scary...
Rene
2023-12-12 13:51:00 +0000 UTC
