eBay has recently made another move higher, briefly reclaiming the $86.36 level. However, the stock has since resumed its downward trajectory as anticipated and is expected to continue selling off soon as part of magenta wave [iii]. Overall, this magenta downward impulse should push price closer to support at $55.96, completing turquoise wave 1.
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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.