simbha

EBAY ABC retracement levels

NASDAQ:EBAY   EBAY INC
23 1 1
The Measured move down is 46 @1.29%.
Aggressive move down can be upto 41 @1.618.
Amzn laso has the same pattern...
After the drop from 331 to 364, it retraced back to 0.762 (349) FIB and then dropped down.
Measured move down based on AB , CD pattern is 277 (1.618).
A friend of mine had also observed a diamond pattern on AMZN which made me to buy some puts and made decent gain today in 24 hours.

Looks like it is time to change the game of longs to shorts for next 2 months.
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