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RE: EBAY: Can Its Price Go Down Ahead of Recessionary Signs?

in #money6 years ago (edited)

I just made this case by my own before looking at your charts.

One thing that I found to be amazing is how well this waves works in terms of retracement.

ebay.png

I was measuring retracement of subwaves of blue 3rd wave here.
2nd went to 0.5 of the 1st, 4th to the 0.382 of the 3rd [yellow]. So pretty much the same as you would expect after studying the EW book.

Blue subwaves hit the same fib ratios but even more precise.

And white 2nd wave went exactly to 0.942. And 3rd to -1.
ebay3.png

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