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Alirezaaa
May 3, 2020 5:27 AM

PINS possible correction  Short

Pinterest, Inc.NYSE

Description

Seems 5 waves of elliot have completed and we need correction. be careful that we are still in the rising wedge, so wait for braking the wedge, before getting short position.
retracements are based on fib levels. also we are still in a downward logarithmic fib channel.

Comment

As I said be careful we are still in rising wedge. RiverPark Advisors comments on Pinterest as bullish. which lead to still staying in wedge. pattern can be reaction to the top support to make a double top and then falling to T1 and T2. ALL are based on reactions to the wedge so be careful

Trade closed: target reached

T2 reached as well
Comments
spurdy
Good call. You nailed this one.
Alirezaaa
@spurdy, still in the rising channel though. be careful!
spurdy
@Alirezaaa, you nailed it to my detriment. ha! i'm long. thanks.
Alirezaaa
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