I've indicated:
my ideal area of where I'd like to short PYPL.
my ideal area of where I'd like to place my stop loss.
my ideal area of where I'd like to place my target.
Notes:
As long as the price action continues to settle below the black channel on a weekly basis and does not overcome the teal descending structure - this setup has merit.
If at anytime those structures are settled above, this would be considered a failed breakout.
my ideal area of where I'd like to short PYPL.
my ideal area of where I'd like to place my stop loss.
my ideal area of where I'd like to place my target.
Notes:
As long as the price action continues to settle below the black channel on a weekly basis and does not overcome the teal descending structure - this setup has merit.
If at anytime those structures are settled above, this would be considered a failed breakout.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.