$PYPL Bounce and Bungee

Apr 16

To be honest I am not as bullish biased as this project suggests with the succession of higher rectangles ending with the top bigger one, as I find this scenario if not unlikely at least less probable, but I still find the overall potential for this matrix a little intriguing especially if this longer rectangle in this starting position provides some decent follow up candles with a potential rebound at any of the next higher rectangles. If not, this could end up being a complete dud unless the price breaks the blue curve and retests it in coincidence fashion.

Worst case scenario the price ignores all the rectangles as proposed potential support/resistance zones in their specific time zone, and just goes for the top rectangle eventually.

Best boring scenario - absolutely nothing happens in regards to coincidences and synchronicities between the price action and the elements in the project and we can render this whole thing pure random gibberish splattered across the screen by a baby Buddhist monk having fun.

No trading advice but I actually closed my short and reversed the position in this spot. Spoiler alert: I am not a millionaire. Second spoiler alert: I don't own a hedge fund. Third spoiler alert: no hedge fund wants to hire me. (I never applied anyway). 4th spoiler alert: I love black holes and the math behind them and the math blueprint of the Universe.

Apr 29

Note

At the green after the rebound from the green which followed a pattern similar to a bungee (fall from the pink plank) and a bounce (retest of the pink after comeback).

Don't know if the circle will be hit but I am hoping for at least another interesting rebound/bounce or break, with any of the elements in this matrix. Leaving that aside, this one looks bullish long term, which is surprisingly unexpected from Paypal...

Apr 30

Note

Hit on the circle on earnings report day. Nothing special but it keeps looking bullish. Looking forward to see how it looks around the time stamp of the vertical white.

May 1

Note

Monster rebound from the top edge of the green and a potent drop dealing a huge blow to any bullish biased participants, unless they are eager of catching this at a premium if they feel confident regarding any higher ground scenarios. All I can say is that I expect at least one more decent relevant significant rebound from any of the shapes (or near the time stamp of the vertical white)

May 2

Note

Interesting situation that could suggest this is a multi-purpose versatile rectangle with the bottom edge courted by 4 candlestick shadows. One action plan regarding this specific setup right here is to see where the daily candle closes tomorrow, but if it is broken on the up I can see it go for 69 but not sure if it can handle more. Probably best to stay on the sidelines for this, but this level could become interesting with a retest on either side.

May 8

Note

Maybe not right at the plank, but this stock could encounter some support sooner or later. Will post updates, also watching the plank area with interest.

May 17

Note

This could be ready for liftoff in a last chance perhaps as the plank is ending right at the vertical white one which can trigger anything like higher volatility in either direction.

Jun 4

Note

I don't know if it was stop loss hunting (improbable at the big stage), hunting for a better price, or just normal market activity, but the support was broken on the downside.

Currently the price is kind of climbing along the blue curve and it could eventually reach the purple.

Jun 26

Note

2 days later and it could have been considered a rebound from the slim purple. Looks bearish enough and maybe only some solid earnings can get paypal back on a better track. Was waiting to see if there is a chance of a retest of the blue curve or the purple, but people dropped it from their holdings like a hot coal in dead water.

Jul 31

Note

Some nen Projects end with a disaster of a coincidence. Not sure if this one will be an exception. Would like to see a retests or a rebound or a swoop and swirl and funk somewhere. Not actually looking for the big purple in the sky, just hoping for a nice cork pop somewhere in the middle of nowhere. I just absolutely adore writing nonsense. It relaxes my analitic mind just in time or tune for another thoughtless nen drawing or even better, none.

Aug 2

Note

This project has been sponsored by something that doesn't exist. End project.