Paypyl on a larger expanding triangle formation
The current larger expanding flat structure reveal that Paypal is still in a ranging mode. Hence, to downplay this, the classic buy low sell high is kinda the best strategy right now. We expect today to have a sell off to 50% retracement of 90.14-122.48. Should price have a strong upside today, we see immediate target resistance at 126.07, slightly above wave B.
Longer-term target we expect prices to have a correction downward towards 100.00 minimum.
Longer-term target we expect prices to have a correction downward towards 100.00 minimum.
