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]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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