EBAY has recently been in a bearish correction after almost reaching 37.50 in July. In August, after price held above a key support of 34, EBAY has been rallying sharply. Last week, price closed at 36.35 after the rally broke above a falling resistance.EBAY 4H Chart(click to enlarge)Bullish Breakout:- The 4H chart shows a broken consolidation pattern ,which signals a bullish continuation.- Still, we should monitor this 36.50 area, which was a resistance pivot back in June. If price can't push above the 36.50-36.60 area, or pushes above and immediately turns back down, there is still a chance that EBAY is in a medium-term consolidation and might be forming a head and shoulders pattern.- Aside from this consideration, price action does suggest bulls are in control. - Besides the prevailing long-term trend is bullish, so I would prefer at least a slight bullish bias.- If price does fall back, we should expect support around 35.50 if EBAY is indeed in a bullish continuation attempt.- But if price falls back below 35, we should anticipate a test of the 34.00 neckline, and should NOT be so confident that support will hold again.