The Long Investor

$ABNB TOP 20

Added 2023-03-26 19:27:42 +0000 UTC

Naturally I am happy to see this pull back and we did not chase this when it went as high as $144 after its parabolic move, the structure again is not impulsive, so it is likely that Wave C finished high and we are in the middle of 5 waves down now. I have the 0.65 Fib here in the buy zone and if I can get this at $104, I will add a position here because it suits my long term strategy and diversifies into another industry.

So What Now?

Likely in Wave 5 now so we may not have to wait too long for Wave 5 to finish and to enter the buy zone, it is below the previous low. I will update this as we get closer to the buy zone.