Paypal has taken a beat down this week but when we zoom out its no more than a healthy correction .
Price began to correct after putting in a double top back in the summer and from then on we identify a change in market structure .
We are way down at the .786 Fib and heading towards .886 for around 110 a share .
Always wait and see the reaction of a level and look at volume and reactions on a LTF will give you some clarification.
If .886 is the last stop then you want to see a change in market structure on LTF with a higher low /Higher high but i
would expect a reaction at this level .
Fib speed fan and FIB Expansion used in chart + fixed Range
Price began to correct after putting in a double top back in the summer and from then on we identify a change in market structure .
We are way down at the .786 Fib and heading towards .886 for around 110 a share .
Always wait and see the reaction of a level and look at volume and reactions on a LTF will give you some clarification.
If .886 is the last stop then you want to see a change in market structure on LTF with a higher low /Higher high but i
would expect a reaction at this level .
Fib speed fan and FIB Expansion used in chart + fixed Range
