Updated

EBAY eyes on $50.60: break should run to $66, then re-evaluate

EBAY poised for breakout from double-fib resistance.
This resistance has imposed itself several times already.
So all humans/bots/algos are keenly aware of this level.

$ 50.65-50.68 is the immediate resistance to flip into support.
$ 65.92-66.16 is the final target, with some hurdles in between.
$ 46.73-46.98 is the first good support in case bears reject here.

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Trade closed: target reached

Target HIT

Nice vertical sprint to the finish line!
May keep going, but likely to dip some.
Take some profits, trail stop on the rest.

.

I have posted an updated plot with extended targets for bulls wave:

EBAY heads up into $66: first of 3 targets for swing trade

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Trade active

GORGEOUS

Perfect Retest of our key zone.
Good spot to enter/add to longs.
Also good shield to put SL under.

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Trade closed: target reached

30% Gains taken!

Taking some/all profit wwas apparently a good move.

.

Zoom IN (m15)

Last update we hoped red zone would become support.
It failed, but at end of day Friday so not telling.

.

So the key levles will be $65.92 to 66.16.
Likely we will retest this zone after weekend.
Look for Rejection or Brean-n-Retest for next clue.

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag