PYPL Zone Trading - Play Bounce-up at PL $205.10
PYPL
All Markups from 4h Chart
Today's Date 11/11/20 4pm Wed
PLs in Orange
Fibs in colors
Already missed a good play, bouncing up on the 0.786 fib after several confirmations.
Plan: Patience. Wait for stock to hit either (A) 205.01 PL and sell, (B) come back to 0.786 and buy, or (C) if uncomfortable with B, let stock fall to 173.15 PL and buy.
I like A- that is a STRONG support, look how violently people bought at that level before, unwilling to let it drop to 0.618 price. Be patient.
All Markups from 4h Chart
Today's Date 11/11/20 4pm Wed
PLs in Orange
Fibs in colors
Already missed a good play, bouncing up on the 0.786 fib after several confirmations.
Plan: Patience. Wait for stock to hit either (A) 205.01 PL and sell, (B) come back to 0.786 and buy, or (C) if uncomfortable with B, let stock fall to 173.15 PL and buy.
I like A- that is a STRONG support, look how violently people bought at that level before, unwilling to let it drop to 0.618 price. Be patient.