$ABNB TOP 20
Added 2024-01-16 15:24:46 +0000 UTCWe saw a number of stocks sinking at the opening but happy to see the confirmation from $ABNB that it has now rejected at the 0.236 Fib at $141 for Wave B completing and is moving down in Wave C now.
The next Fib is the 0.5 Fib at $131 but since this is not a lower low, I expect to see this move down to the 0.618 Fib at $127 to complete Wave C.
I will be watching closely at how it behaves at $131.
Comments
$127 is the 50MA on the weekly and $128.5 is the 200MA on the Daily. Sounds like confluence at 0.618Fib if it falls to that level?
Rushabh S
2024-01-17 15:52:26 +0000 UTCNot a very clear formaton
Gareth Neary
2024-01-16 15:42:06 +0000 UTCIs that a possible head and shoulders forming?
RandumbInvestor
2024-01-16 15:38:32 +0000 UTC
