Due to the recent sell-off, the price of AirBNB has now reached our magenta target zone between $116.53 and $96.73. This means that the minimum requirements of the magenta wave (2) have been met, implying that the price could theoretically complete its reversal. However, we still expect a drop to the 61.80% retracement first, in order to make the low there. Wave (3) should then take the price clearly higher.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.