Bracket forming w/ value area on POC
60min Ascending Broadening Wedge on balance area. If balance area is matured. Long term traders will generate a direction.
Revert to Mean after balance area down here
Let's see if PYPL can retest this pennant pattern break out and roll over bearish.
Caryn says "looks like a rounding top to me" which I agree with. Therefore, IF the stock breaks out and closes above resistance, could move.
Posted this Idea a few days ago, to watch PYPL for a bounce into this 36.50'ish support area. Over today's high this can continue higher
37R Watching for btm. RSI Postive divergence
Watching to see how this reacts when it pulls back into the 36.50'ish demand area, Would be an interesting couple day trade if it finds support in that area. High volume Top does mark a short term top, But the pullback is on light volume, so a good sign for the Paypal bulls