PYPL - Daily Rally to the Possible Bullish Reversal

Daily price is located near and below Ichimoku cloud in the bearish area of the chart. The price was blinced from resistance levels at 40.14 and 41.65 to above for the bear market rally to be started. The Stochastic oscillator is showing the possible uptrend in the near future, and Chinkou Span line is crossing historical price but on open daily bar for now.

• If the price breaks the resistance level at 44.69 to the 45.99 to above so the primary bullish reversal will be started.
• If the price crosses support at 41.65 together with support level at 40.14 to below so the primary bearish trend will be resumed.
• Alternatively, the price will be on secondary ranging within the primary bearish trend to be near and below Ichimoku cloud waiting for direction of the strong trend to be started.

Trading Summary: bear market rally to the possible bullish reversal