Public Chart: Could $PYPL Get Cut in Half?

I try to post some public charts from time to time, so here’s a count and target for $PYPL. The fibs look neat and clean all the way down.

The next fib I have below cuts the stock in half (there are others, but let’s not get ahead of ourselves), so it’s worth noting.

And there was wave balance at today’s high, so it might ready to move.

PYPL


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


This Well-Defined Structure on $PYPL Gives us a Target

This well-defined ascending triangle on $PYPL suggests that we target the upper trend line:

PYPL


[UPDATE]: Since the price action has broken down a couple of times now from this structure, I am beginning to doubt it. I am going to cancel this call while we are still close to price we were at when I made the original call. I will need to monitor the price action from here prior to making another call.

PYPL


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.