PayPal Holdings Inc. (PYPL) Elliott Wave technical analysis [Video]

PYPL Elliott Wave technical analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {v} of C.

Direction: Upside into wave {v}.

Details: Looking for a potential ending diagonal in wave {v} as we approach 90$. We have passed equality of potential C vs. A which also makes us think we could be in a wave 3 instead.

PYPL Elliott Wave technical analysis – Daily chart

PYPL is advancing within wave {v} of wave C, possibly forming an ending diagonal as it approaches the key resistance level at $90. The equality of wave C relative to wave A has been surpassed, which introduces the possibility that instead of an ending diagonal, this could be part of wave 3 in a larger impulsive structure. The focus is on whether PYPL will complete this motive structure or transition into a more extended bullish phase.

PYPL Elliott Wave technical analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (iii) of {v}.

Direction: Upside in wave (iii).

Details: Here we are exploring the possibility of further upside in wave {v} towards TradingLvel1 at 100$. Looking for upside into wave (iii).

PYPL Elliott Wave technical analysis – One-hour chart

On the 1-hour chart, PYPL is likely within wave (iii) of {v}, aiming for further upside momentum. The price is expected to move higher towards TradingLevel1 at $100, driven by the bullish continuation of wave (iii) within the overall structure of wave {v}. This suggests a stronger upside push in the near term.

This Elliott Wave analysis of PayPal Holdings Inc., (PYPL) outlines both the daily and 1-hour chart structures, highlighting the current trends and possible future price movements.

PayPal Holdings Inc. (PYPL) Elliott Wave technical analysis [Video]