Image Source: Pixabay

We talked about eBay on October 30th, where we mentioned and highlighted that it's in wave C of higher degree ABC correction in wave 4 after reported earnings.

A reminder: eBay’s stock sold off despite beating Q3 earnings estimates, revenue hit about $2.82 B (vs. $2.73 B expected) and EPS was $1.36 (vs. $1.33 expected). The drop came after management issued weaker forward guidance, projecting slower GMV growth (4–6% for Q4) and ongoing margin pressures. Investors reacted negatively to signs of deceleration despite solid current results.

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eBay Daily Chart From October 30

As you can see today, eBay is bouncing nicely from the projected support zone, suggesting that the ABC correction within the higher-degree wave 4 may be complete. Wave 5 now appears to be in progress, which could drive the price back toward the previous highs, targeting the open/unfilled gap area.

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eBay Daily Chart From November 12

For short-term traders, the recent bounce provides an opportunity to align with the developing bullish wave structure, with invalidation placed below the 77 support level. Medium-term investors may look for continuation signals above the recent swing high to confirm the start of wave 5 targeting the 100–105 zone.

eBay is a global online marketplace connecting millions of buyers and sellers across 190+ markets, offering auctions and fixed-price sales. Founded in 1995, it’s now a mature e-commerce platform focusing on categories like collectibles, refurbished goods, and AI tools for users.

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