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TECH Sell 21.09.2021 07:50

PayPal Holdings Inc.: wave analysis

The price is in a correction, a fall is possible.

On the daily chart, the third wave of the higher level (3) developed, and a downward correction started to develop as the fourth wave (4). Now, the wave A of (4) is developing, within which the first entry wave of the lower level i of A has formed, a local correction has ended as the wave ii of A, and the wave iii of A is developing. If the assumption is correct, the price will fall to the levels of 256.16–223.27. In this scenario, critical stop loss level is 296.38.