PYPL - 1D - Crucial moment
Hi guys,
Let's have another look at Paypal on the daily TF.
This is linked to my previous idea on the weekly TF supposing the downtrend was coming to an end.
If we focus on the daily, we can notice a typical inverse h&s pattern coming to a conclusion.
Three potential scenarios :
- We break the neckline with a good conviction and volumes => First target at around 74$
- We consolidate a bit more under the neckline then break it => same target
- The price fail breaking the neckline and go back inside the falling wedge => next target is 45$
We are in a crucial zone. Can't wait to see how will the price develop.
Like if you share :)
NFA
Let's have another look at Paypal on the daily TF.
This is linked to my previous idea on the weekly TF supposing the downtrend was coming to an end.
If we focus on the daily, we can notice a typical inverse h&s pattern coming to a conclusion.
Three potential scenarios :
- We break the neckline with a good conviction and volumes => First target at around 74$
- We consolidate a bit more under the neckline then break it => same target
- The price fail breaking the neckline and go back inside the falling wedge => next target is 45$
We are in a crucial zone. Can't wait to see how will the price develop.
Like if you share :)
NFA
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.