Bearish Sequence - ABNB
Here we have AirBNB Stock which has been declining since July 31st. After the failed attempt of a Higher High on Sept. 12th followed by a Lower Low on Oct. 27th that exceeded the Previous Low on Aug. 18th.
Which leads me to believe that history will repeat itself where we should get a Lower High in the 129.97 - 127.74 range followed by a Sequence Target range of 100.12 - 88.07 with the potential of Support hovering above this Target @ the 104 - 103.5 area!!
Fundamentally, AirBNB executives have been selling shares their shares.
tradingview.com/news/tradingview:8747e5769094b:0-airbnb-execs-sell-shares/
*If price decides to Break Up and Close Above the BC zone, the Bearish Sequence is INVALIDATED
Which leads me to believe that history will repeat itself where we should get a Lower High in the 129.97 - 127.74 range followed by a Sequence Target range of 100.12 - 88.07 with the potential of Support hovering above this Target @ the 104 - 103.5 area!!
Fundamentally, AirBNB executives have been selling shares their shares.
tradingview.com/news/tradingview:8747e5769094b:0-airbnb-execs-sell-shares/
*If price decides to Break Up and Close Above the BC zone, the Bearish Sequence is INVALIDATED
Note
Price has come into my Sell Zone!! Looking for price to push down lower from here!Note
Does not look like price is slowing down in this area so Idea is no longer valid!
"An investment in knowledge will pay the best interest." - B. Franklin
Novi_Fibonacci
Novi_Fibonacci
"An investment in knowledge will pay the best interest." - B. Franklin
Novi_Fibonacci
Novi_Fibonacci
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