PYPL 4h Bearish Divergence
There is a bearish Divergence of Price vs. CCI on the PYPL 4-hour Timeframe. This Divergence occured right after the price crossed the Bollinger-Bands.
Each time something similar happend (bearish/ bullish Divergence, Price went outside the Bollinger-Bands) in the past couple Weeks, the Price was rising or falling to the current weekly Pivot.
A lot of Analysts believe that Paypal is about to rise - but I expect it to drop. Maybe it's only a Pullback and it will rise even higher soon, but before that, I think it will drop to 85 (current weekly Pivot).
Each time something similar happend (bearish/ bullish Divergence, Price went outside the Bollinger-Bands) in the past couple Weeks, the Price was rising or falling to the current weekly Pivot.
A lot of Analysts believe that Paypal is about to rise - but I expect it to drop. Maybe it's only a Pullback and it will rise even higher soon, but before that, I think it will drop to 85 (current weekly Pivot).
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