Short

ABNB recovery play rejected by triangle & VWAPs; retest 130 low?

Updated

Economy seems like stalling for a while more with rising inflation, consumer savings depleting & XLY discretionary falling. ABNB may soon see a retest of the 3x bottom @ 130 since it is forming a descending triangle.
Not trading advice

Comment

I failed to emphasize that it also making a massive diamond reversal pattern. Price may come down some more to retest 143 the 0.854 FIB level or even the botttom of this diamond at 130 making a double bottom before a massive reversal late 2022.

xtremerider8

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