Airbnb Inc. (ABNB) – Elliott Wave Analysis | Daily Chart

Technical Analysis Overview – Trading Lounge

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

Technical Analysis Overview – Trading Lounge

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.

Technical Analyst: Dhiren Pahuja

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