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PayPal Holdings Inc., Elliot Wave Analysis

11/1/2022 10:11 AM

Growth is possible.

On the daily chart, the upward wave of the higher level А formed, and a downward correction develops as the wave B. Now, the wave (А) of B has formed, and an upward correction of the lower level is developing as the wave (B) of B, within which the wave A of (B) has ended, and the wave B of (B) is ending. If the assumption is correct, the asset will grow within the wave C of (B) to the area of 158.60–186.70. In this scenario, critical stop loss level is 67.40.

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