Technical analysis
Ebay Wave Analysis 29 January, 2021
January 29, 2021 @ 19:02 +03:00
![Ebay Wave Analysis 29 January, 2021 Ebay Wave Analysis 29 January, 2021](https://fxpro.news/wp-content/uploads/2020/05/Ebay-Wallpaper.jpg)
• Ebay reversed from long-term resistance level 60.15
• Likely to fall to support level 54.00
Ebay continues to decline inside the short-term correction (ii) which started earlier from the long-term resistance level 60.15 (which stopped the sharp uptrend in July).
The active correction (ii) belongs to the medium-term upward impulse wave (3) from the end of December.
Ebay is expected to fall further toward the next support level 54.00 (intersecting with the 38.2% Fibonacci correction of the previous sharp upward impulse wave from November).
![](https://fxpro.news/wp-content/uploads/2021/01/ebay2-primary-analysis-jan-29-1738-pm-1-day-1024x479.png)