TradingNomadic

PINS Possible Butterfly at critical inflection point.

Long
NYSE:PINS   Pinterest, Inc.
Could be getting close to a reversal here. Id really like to see 48.75 hold up, but harmonically speaking, it wouldnt be strange to hit the 1.272 on the orange butterfly. Thats also confluent with 46.23 which is the old resistance before we made the move to 68.93 - Thatd also be the first target up, 76 and 81 would be the harmonic targets, but looking at the price action correlation above 68.93, the real target would be 86 if it broke up from there

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