Ebay Wave Analysis – 4 March 2025

– Ebay reversed from pivotal support level 61.15

– Likely to rise to resistance level 67.00

Ebay reversed up exactly from the pivotal support level 61.15 (which has been reversing the price from last December), standing near the lower daily Bollinger Band and the 61.85 Fibonacci correction of the upward impulse from October.

The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Long-Legged Doji – which stopped the previous ABC correction 2.

Given the clear daily uptrend, Ebay can be expected to rise in the active impulse wave 3 to the next resistance level 67.00.

Source: https://fxpro.news