$PYPL TOP 20
Added 2023-11-15 14:17:10 +0000 UTCInteresting here from $PYPL, before yesterday, we got a pull back to the 0.5 Fib and then the rally on a lot of favourable economic data for the finance sector came in yesterday and bounced.
We can see that the 50 Day MA stopped the price going any further, but if we consider that Subwave 1 and Subwave 2 are in now since the price hit the 0.5 Fib and has now made a new higher high.....we can project where Subwave 3 goes to (the 1.618 Fib of course) which is close to the top trend line and the 2 Fib for Wave 5 sits almost exactly at the blue line which we know is an important resistance/support line.
I think we would all be delighted to see this move in this direction.
First it needs to get above the 50 Day MA, so we won't count our chickens until then......$SQ appears to have started its move already and is up 30% since its low.
