Categories: Technical analysis

Ebay Wave Analysis 26 April 2024

– Ebay reversed from support level 49.35

– Likely to rise to resistance level 52.55

Ebay recently reversed up exactly from the major support level 49.35, former multi-month support level from July of last year, as can be seen below.

The upward reversal from the support level 49.35 stopped the previous ABC correction 4 from the end of march.

Give the clear daily uptrend, Ebay can be expected to rise further to the next resistance level 52.55 (which stopped the previous waves iii, 3 and b).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: eBay

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