Paypal Holdings Inc. (PYPL) Stocks Elliott Wave Technical Analysis

[tradinglounge]

PYPL Elliott Wave Analysis Trading Lounge Daily Chart,

Paypal Holdings  Inc., (PYPL Daily Chart 

PYPL Elliott Wave Technical Analysis

FUNCTION: Trend 

MODE: Impulsive 

STRUCTURE: Motive 

POSITION: Wave 3 or C.  

DIRECTION: Upside in wave 3/C. 

DETAILS: We are looking at upside potential within wave 3 or C which needs to unfold in a five wave manner, and we seem to be standing within wave {iii}. Equality of 3 vs. 1 stands Trading Level 8 at 80$, which is often time a minimum upside target for wave 3 or C.

PYPL Elliott Wave Analysis Trading Lounge 1H Chart,

Paypal Holdings Inc., (PYPL) 1H Chart 

PYPL Elliott Wave Technical Analysis

FUNCTION: Trend 

MODE: Impulsive 

STRUCTURE: Motive 

POSITION: Wave (iv) of {iii}. 

DIRECTION: Upside in wave {iii}.  

DETAILS: Looking for a triangle in wave (iv) to be near completion to then continue higher towards 1.618 {iii} vs. {i}.

 
This analysis provides insight into PayPal Holdings Inc. (PYPL) based on the Elliott Wave Theory, focusing on both the daily and 1-hour charts to evaluate the current market structure and potential future movements.

* PYPL Elliott Wave Technical Analysis – Daily Chart* 

PYPL is currently unfolding in wave 3 or C, which is an impulsive wave characterized by strong upside potential. The equality level between wave 3 and wave 1 stands around  Trading Level 8 at 80$, which often serves as a minimum target for wave 3 or C. Given this, we expect further upside as wave {iii} continues to develop, and reaching the 80$ target seems reasonable in the near term. 

* PYPL Elliott Wave Technical Analysis – 1H Chart* 

PYPL is in wave (iv) of {iii}, where a triangle correction seems to be forming. Once this triangle correction is completed, the stock is expected to resume its upside momentum toward the 1.618 Fibonacci extension of wave {iii} compared to wave {i}. This next leg up in wave (v) of {iii} could push the price toward the anticipated target of around 80$.

Technical Analyst Alessio Barretta

Source : Tradinglounge.com get trial here!