FX.co ★ Patterns #EBAY | eBay Inc. Stock Price

According to the chart of M5, #EBAY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 72.84 while the median line of the Neck is set at 74.68/74.38. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #EBAY will go towards 74.53.

The Triple Bottom pattern has been formed on #EBAY M15. It has the following characteristics: resistance level 75.51/74.53; support level 74.32/74.04; the width is 119 points. In the event of a breakdown of the resistance level of 75.51, the price is likely to continue an upward movement at least to 74.39.

The Double Bottom pattern has been formed on #EBAY M5; the upper boundary is 75.51; the lower boundary is 74.30. The width of the pattern is 119 points. In case of a break of the upper boundary 75.51, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The #EBAY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 78.06, the Neckline and the upward angle are at 77.53/77.61. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #EBAY will go towards 77.46.

The Double Top reversal pattern has been formed on #EBAY M15. Characteristics: the upper boundary 78.11; the lower boundary 76.89; the width of the pattern is 121 points. Sell trades are better to be opened below the lower boundary 76.89 with a possible movements towards the 76.67 level.

According to the chart of M5, #EBAY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 77.06 while the median line of the Neck is set at 77.45/77.43. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #EBAY will go towards 77.58.

The Double Bottom pattern has been formed on #EBAY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 79.21 is broken. The further movements will rely on the width of the current pattern 21 points.

The Double Top pattern has been formed on #EBAY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 79.08 is broken, the downward movement will continue.

On the chart of the #EBAY M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 77.81, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 168 points.

The Double Top pattern has been formed on #EBAY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 77.81 is broken, the downward movement will continue.