PYPL, Made The Move Below Major Trendline, Next Steps Ahead!

Hello Traders Investors And Community,

Welcome to this analysis where we are looking at the 4-hour timeframe perspective, the recent events, the current formational structure and what we can expect the next times. PYPL like many other stocks in the current situation provided heavy bearishness to the downside, the big question now for this stock is if it will continue or manages to reverse in the structure, as the major indices also looking seriously bearish with a bigger potential for continuation given as there is the gap between the real economy and stock market existing we can not take the bearish perspective out of sight here and there are some possible outcomes I detected properly fulfilling when the stock shows up with the proper price-action in its destinies.

Looking at my charting you can watch there this huge low-volatility-cycle established now for a longer time period, furthermore, the stock broke below major layers of support which are now resistance, these are firstly the ascending trendline marked in blue which was a fundamental step into following up with this bearish move secondly below the EMAs where also a bearish crossover formed, these EMAs are now serious resistance and it is possible that we see a consolidation where they properly confirm as resistance, when this happens we can expect the next movements to consolidate between the trendline and resistance when the grey trendlines are broken there will follow up bearish pressure with a high possibility given.

In this manner, thank you for watching, support for more market insight, good day to you, and all the best!
“The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.”

Information provided is only educational and should not be used to take action in the markets.