Ebay is trying to overcome the resistance line at $55.50. We expect it to succeed in doing so soon. We expect the high of the current wave b in beige and thus the end of the corrective rise well above this level. If, on the other hand, the stock now heads directly below the support at $46.03, we will have to assume that the wave alt. b in beige is already finished (probability: 37%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
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.