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).
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