DaxonandDixon
Long

PAY PAL: INMEDIATLY TARGET UP AT PRICE LEVEL 165.94 !!!

NASDAQ:PYPL   PAYPAL HOLDINGS INC
Hi

ADX on 40 value after a breaking a resistance level , indicates inmediatly target at 165.94 !!

Cheers

Comments

and how did you set the targets?
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DaxonandDixon virtualtechie11
@virtualtechie11,

Hi,

I do technical analysis using different tools that I combine to determine the logical targets derived from these analyzes, especially I spend many hours observing the movements of the different financial assets since I consider that each of them has its own personality in terms of the structure of the price. However in this case it is very simple, with an ADX above forty and breaking a triangle-like structure with internal abc, by overcoming the upper axis of the triangle at its rupture, I project the maximum width of said triangle and then project it in the bullish breakout to set target.

Thanks to ask!
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@DaxonandDixon - seems like a good call, what pattern are you using? and did you not consider using rsi with adx?
and what did ADX tell you?
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