PYPL fills out cup and handle pattern.
There is a lot going on right now on this PYPL chart.
In the next few days I'm hoping to see the parallel channel fill out to form the Handle on the Cup&Handle pattern. If this comes to fruition, then likely look towards price action to touch the moving average, as well as the down sloping trend line(Major Resistance). Also noting the bottom of the Cup has, and held on major support levels.
The one thing I will note, the cup is a bit sharp, so not as strong of a signal than a more "U" shape, but with the other factors, this could be a great set up.
Trade at your own risk.
In the next few days I'm hoping to see the parallel channel fill out to form the Handle on the Cup&Handle pattern. If this comes to fruition, then likely look towards price action to touch the moving average, as well as the down sloping trend line(Major Resistance). Also noting the bottom of the Cup has, and held on major support levels.
The one thing I will note, the cup is a bit sharp, so not as strong of a signal than a more "U" shape, but with the other factors, this could be a great set up.
Trade at your own risk.
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