Airbnb's stock has once again come under noticeable upward pressure. However, we primarily classify these increases as a countermovement as part of the bearish wave 3 in turquoise – and accordingly expect a downward reversal soon. During wave 3, the price should finally fall below the support level at $108.60, and the subsequent wave 4 should also remain below this mark, so that the subsequent wave 5 can ultimately complete the entire turquoise downward impulse and the overarching corrective movement of the beige wave II.
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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.