PYPL has significantly weakened after breaking consolidation to the downside starting May 8, 2023.
Looking at the weekly chart, the most obvious downside targets I am seeing is $57.0 FVG under the Weekly SSL line and $47.4 FVG with $44.5 Weekly +OB as a draw on liquidity.
Once price reaches $44.5, I anticipate price consolidation in the form of accumulation by institutional players at a steep historical discount before any meaningful move higher.
Looking at the weekly chart, the most obvious downside targets I am seeing is $57.0 FVG under the Weekly SSL line and $47.4 FVG with $44.5 Weekly +OB as a draw on liquidity.
Once price reaches $44.5, I anticipate price consolidation in the form of accumulation by institutional players at a steep historical discount before any meaningful move higher.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.