eBay rallied once again to test resistance at $101.15, but quickly reversed with sharp sell-offs, confirming the top of magenta wave [ii] in a timely manner. Since then, the stock has moved as anticipated below the $86.36 level and now appears poised for further declines as part of wave [iii]. The subsequent wave-[iv] corrective move higher should remain capped below $86.36, allowing wave [v] to complete turquoise wave 1 at a lower level—though still above $55.96.
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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.