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PayPal Holdings Inc., Elliot Wave Analysis

11/15/2022 10:33 AM

Growth is possible.

On the daily chart, the upward wave of the higher level А ended, and a downward correction develops as the wave B. Now, the wave (А) of B formed, and an upward correction of the lower level develops as the wave (B) of B, within which the wave A of (B) formed, the wave B of (B) ended, and the formation of the wave C of (B) started. If the assumption is correct, the asset will grow to the area of 124.04–158.60. In this scenario, critical stop loss level is 70.22.



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