PYPL Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Complex.
Position: Wave (Y).
Direction: Top in wave (Y).
Details: We are exploring the possibility of a significant top in wave (Y) as we seem to have a three wave move completed within wave (Y). There is a possibility we have had a 1-2-3 instead, however that needs further confirmation.
PYPL Elliott Wave technical analysis – Daily chart
On the daily chart, PYPL appears to be completing a complex corrective structure within wave (Y). The price action suggests a potential top in wave (Y), marked by a three-wave move. There is an alternate scenario where this movement could be part of a 1-2-3 impulsive wave instead of corrective, but further confirmation is needed to validate this count.
PYPL Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Complex.
Position: Wave {i} of A.
Direction: Downside in wave {iii}.
Details: Looking for continuation lower in at least what could be either wave {iii} or {c}. Volume seems to be suggesting this was the start of something, so a wave {i}/{a} fits the narrative.
PYPL Elliott Wave technical analysis – One-hour chart
The 1-hour chart shows that PYPL is in the early stages of a decline, likely within wave {iii} of A in a corrective sequence. Volume supports the possibility that the initial move downward could be the beginning of a larger trend, either in wave {iii} or possibly in wave {c}. The current focus is on continuation lower to complete the corrective pattern.
This Elliott Wave analysis of PayPal Holdings Inc., (PYPL) outlines both the daily and 1-hour chart structures, highlighting the current trends and possible future price movements.
PayPal Holdings Inc. (PYPL) Elliott Wave technical analysis [Video]
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