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January 29, 2021 at 04:02PM
• Ebay reversed from long-term resistance level 60.15
• Likely to fall to support level 54.00
Ebay continues to decline inside the short-term correction (ii) which started earlier from the long-term resistance level 60.15 (which stopped the sharp uptrend in July).
The active correction (ii) belongs to the medium-term upward impulse wave (3) from the end of December.
Ebay is expected to fall further toward the next support level 54.00 (intersecting with the 38.2% Fibonacci correction of the previous sharp upward impulse wave from November).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/ebay-wave-analysis-29-january-2021-20210129/
Selected by fonecable.com
Search Web: Ebay Wave Analysis 29 January, 2021
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