PYPL Elliott Wave Technical Analysis: Future Price Movements & Key Levels
This Elliott Wave analysis of PayPal Holdings Inc. (PYPL) examines both the daily and 1-hour chart structures, identifying the prevailing market trends and potential future price action.
PYPL Elliott Wave Analysis – Daily Chart
PayPal Holdings Inc. (PYPL) Daily Chart Overview
PYPL Technical Analysis
- Function: Trend
- Mode: Corrective
- Structure: Impulsive
- Position: Wave {iii} of C
- Direction: Upside in wave {iii}
Analysis:
PayPal Holdings Inc. (PYPL) is displaying bullish momentum within Minute wave {iii}, as price action continues its upward movement. The stock is trending higher, targeting TradingLevel1 at $100, where we anticipate a larger pullback, potentially forming wave {iv} before the uptrend resumes.
PYPL Elliott Wave Analysis – TradingLounge 1H Chart
PayPal Holdings Inc. (PYPL) 1-Hour Chart Overview
PYPL Elliott Wave Technical Analysis
- Function: Trend
- Mode: Corrective
- Structure: Impulsive
- Position: Wave ii of (v)
- Direction: Bottom in wave ii
PYPL Stock Analysis:
On the 1-hour chart, wave ii appears to have bottomed, with a three-wave move confirmed within wave iii. This suggests that further upside potential remains in play, with wave iii expected to continue developing in the upcoming sessions.
Technical Analyst: Alessio Barretta
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: Salesforce Inc. (CRM) Elliott Wave Technical Analysis
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By applying Elliott Wave Theory, traders can anticipate key support and resistance levels, aiding in precise entry and exit strategies. Keep an eye on wave {iii}'s development and potential reactions at TradingLevel1 ($100) for further trading opportunities.