[isatrader]

Got a question
Looking at the charts of EBAY, this is looking like a stage 4 decline right? and because of the wear RS could be a good Short, if it breaks down the resistance it's currently at?

It's in Stage 3 currently, as note the 30 week MA is still strongly rising and it has so far found support at prior long term high from 2018 and is also only still in the first significant pullback to the 30 week MA since the Stage 2 advance started. It may well fail and fail into Stage 4, but if it holds support, then it could recover back above the 30 week MA into the base. Be careful shorting stocks with a still strongly rising 30 week MA. To be Stage 4 the 30 week MA must be declining on the breakdown week.