PYPL Short Setup

Nice little risk-reward setup on the next break lower out of the bear flag.
Short calls on solid companies are fools game admittedly,
but the chart is the chart.

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As expected now trading $145

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Keeps getting trashed!

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Still a bearish chart. Bottom pickers are not being rewarded.

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Since I first published PYPL has lost 66% of its entire value.

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Buy now pay later in a rising interest environment was not a good idea for PYPL to get into.

Trade stängt: målet nått:

After a year and a half. I am finally closing this short position for a 68% gain in PayPal.