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Ebay Wave Analysis – 18 December, 2019

  • Ebay reversed from support area
  • Likely to rise to 36.65

Ebay recently reversed up from the support area lying between the support level 34.50 (former monthly low from November), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from December.

The upward reversal from this support area started the active short-term correction (ii).

Ebay is expected to rise further toward the next resistance level 36.65 (top of the previous minor wave 2 from last month).

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