PINS possible correction
Updated
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.
retracements are based on fib levels. also we are still in a downward logarithmic fib channel.
Note
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 carefulTrade closed: target reached
T2 reached as well
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