Ebay Wave Analysis – 20 March, 2020

• Ebay broke support area
• Likely to fall to 26.00

Ebay recently broke the support area lying between the key support level 33.20 (which reversed the price at the start of this month) and the 50% Fibonacci correction of the previous weekly ABC correction (2) from the end of 2018.

The breakout of this support area accelerated the active medium-term downward impulse sequence (3) from the middle of last year.

Ebay is expected to fall further toward the next support level 26.00 (former multi-year support from 2018 and the target for the completion of the active impulse wave 3).