PayPal Holdings, Inc.

Continued downside for PYPL

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PYPL has significantly weakened after breaking consolidation to the downside starting May 8, 2023.

Looking at the weekly chart, the most obvious downside targets I am seeing is $57.0 FVG under the Weekly SSL line and $47.4 FVG with $44.5 Weekly +OB as a draw on liquidity.

Once price reaches $44.5, I anticipate price consolidation in the form of accumulation by institutional players at a steep historical discount before any meaningful move higher.

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