The Long Investor
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$ABNB TOP 20
🕑 Added 2025-03-16 19:51:02 +0000 UTCIs the only Top 20 chart that has lost its impulse structure, the parabolic move directly after its earnings was short lived and price pulled back, the market turned sour, airlines announced a decline in sales and this kept going from bad to worse.
$ABNB can not be in its Wave 3 count due to to breakdown and must still be in a corrective wave and this is not a Buy for me until support is found
I would expect a test of the 0.618 Fib at $115 is possible here and even a lower low on the 0.78 Fib at $100.....which would be very attractive then.
Comments
Chris H
So glad I got out at $136. Happy to be sitting on cash instead of stocks here
Alwin
In this leading Diagonal is wave 3 the shortest wave isn't it? I thought wave 3 can't be the shortest.
