PAYS has broken out of its prior consolidation, reclaimed its 200SMA, and has just filled the measured range for the high and tight flag that it formed between October and December. It had a similar expansion pattern in 2022. Using one Fibonacci fan from the low and support of 2022 and another from the 2023 high to the October breakout give us a very clear picture of future support/resistance and inflection points. Adding a fib time zone from the low and high of August 2023 has given us alignment to key pivot points.
I will look for a new consolidating flag to form and then will take action on a breakout, targeting a retest of the 2023 high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.