PontusTrader

Short PYPL on rising wedge termination in bear flag support

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NASDAQ:PYPL   PayPal Holdings, Inc.
Here's PYPL marked up on the hourly. Bear flag move off 23APR, price terminating into a bearish rising wedge right on bear flag support. The best RR would be to shot at the top of the flag but I really do not believe it will get to 178 and you'll miss a sick setup.

I see it either head faking a break to the outside then dumping out of the bear flag, or just dumping out of the bear flag within a day.
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