eBay's Stock Price Near Important Elliott Wave Support

Core Insights - eBay is experiencing a downturn following its latest earnings report released at the end of October, with a significant gap remaining near the highs, indicating potential market reversal opportunities [1] - The stock is approaching a support area around $80, which corresponds to a high from October 2021, suggesting a potential rebound zone [2][3] - The invalidation level is set at $68.36, and the overall market structure remains bullish on higher time frames, maintaining the possibility of a rebound [2][3] Summary by Sections - Market Movement - eBay's stock is currently in a three-wave decline, which aligns with the wave four concept in Elliott Wave analysis [1][3] - There is a possibility of filling the gap from the earnings report in July 2025, which could lead to a market reversal [1][3] - Support and Resistance Levels - The first support zone is identified around $80, which is a significant level from October 2021 [2][3] - The invalidation level is noted at $68.36, indicating a critical threshold for potential price movements [2][3] - Long-term Outlook - The overall structure remains bullish on higher time frames, suggesting that rebound opportunities are still viable [2][3]