Airbnb Inc. (ABNB) Elliott Wave technical analysis [Video]
|Airbnb Inc. (ABNB) – Elliott Wave analysis – Daily chart
Function: Counter Trend.
Mode: Corrective.
Structure: Corrective.
Position: Wave c of (2).
Direction: Downside in Wave c.
Details: Following a completed 5-wave impulse, Airbnb's stock is now in a corrective phase, likely approaching the 50% or 61.8% Fibonacci retracement levels.
On the daily chart, Airbnb, Inc. (ABNB) shows signs of a corrective move taking shape, likely forming a zigzag pattern. After a recent downward impulse, the stock now moves in a retracement phase, nearing key Fibonacci levels. This suggests that Wave c of (2) is currently unfolding, signaling the final leg of this correction.
With Wave b nearing its end, Wave c is expected to lead prices lower in the short term, potentially completing the full Wave (2). This setup could provide traders with a tactical opportunity for short positions aligned with the short-term trend.
Airbnb Inc. (ABNB) – Elliott Wave analysis – Weekly chart
Function: Counter Trend.
Mode: Corrective.
Structure: Corrective.
Position: Wave (2) of {C}.
Direction: Downside into Wave (2).
Details: A pullback toward 50%–61.8% Fibonacci retracement of Wave (1) is unfolding, setting up potential for the next impulsive phase.
Airbnb's weekly chart presents a broader corrective structure. Currently, the stock is progressing through Wave (2) of {C}, targeting classic retracement levels—50% and 61.8% of the prior Wave (1). This correction suggests a potential base formation in the near future.
Traders should closely observe for support near these levels and monitor price consolidation patterns. Once Wave (2) concludes, it could give way to a new impulsive wave, offering opportunities on the long side for the next trend cycle.
Airbnb Inc. (ABNB) Elliott Wave technical analysis [Video]
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