Jul. 7 at 10:31 PM
$PYPL approaching a critical technical crossroad! Time for a trend shift?
PayPal is finally testing its first meaningful resistance zone after stabilizing from macro lows. Interestingly, from an Elliott Wave perspective, the multi-year bearish decline is losing its convincing structure, hinting at a potential structural reversal!
The initial test range is firmly set at
$44.70 -
$49.60. A clean high-volume breakout above this level changes the entire narrative, paving the way to build a macro higher low for a larger advance. Stay rejected, and it remains a minor corrective bounce within a long-term downtrend.
$49.60 is where the real story changes. Until then, handle with cautious optimism.
