PayPal Holdings Inc. (PYPL) Elliott Wave analysis – Daily chart
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave C of (B).
Direction: Upside in Wave C.
Details: Current price action suggests continued movement upward in Wave C, as pullbacks occur in clear three-wave formations. This pattern typically aligns with corrective phases and not full reversals, indicating a potentially bullish phase in play.
PayPal Holdings Inc. (PYPL) Elliott Wave analysis – One-hour chart
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave {iii} of C.
Direction: Upside in Wave {iii}.
Details: The intraday chart indicates a likely completion of Wave {ii}, with price now advancing in Wave {iii}. An alternative scenario considers the move as part of Wave (v) of {i}, hinting at a potential short consolidation before the bullish trend resumes. Further upside confirmation depends on near-term resistance tests and momentum strength.
This Elliott Wave analysis of PayPal Holdings Inc. (PYPL) combines both daily and hourly timeframes to provide a clearer picture of current market structure. On the daily chart, PYPL is viewed within a corrective Wave (B), progressing through Wave C, which remains bullish for now. Meanwhile, the 1-hour chart refines this view by placing the stock in the accelerating Wave {iii} of C, or possibly in Wave (v) of a smaller wave sequence.
PayPal Holdings Inc. (PYPL) Elliott Wave technical analysis [Video]
