– Ebay reversed from strong resistance level 67.45
– Likely to fall to support level 64.00
Ebay recently reversed down twice from the strong resistance level 67.45 (which stopped the previous impulse wave 3) intersecting with the upper daily Bollinger Band.
The downward reversal from the resistance level 67.45 started the c-wave of the active short-term ABC correction 4 from the start of October.
Having just broken the daily up channel from September, Ebay can be expected to fall further to the next support level 64.00, target price for the completion of the active wave 4.
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