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PayPal Holdings Inc., Elliot Wave Analysis

2/7/2023 10:03 AM

A fall 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, a correction has ended as the wave (B) of B, and the wave (C) of B is developing, within which the third wave of the lower level 3 of (C) has ended, and a local correction has formed as the fourth wave 4 of (C). If the assumption is correct, the price will fall to the area of 50.00–20.00. In this scenario, critical stop loss level is 90.72.

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