PINS trade ideas
PINS (4Hour) LONG/SHORTLooking bullish and should break pivot point, if it does it will reverse and test resistance. If it turns bad on us we have a plan!
Here it is---
LONG - Break 65.52
Target 1- 66
Target 2- 69.92 (strong resistance)
Target 3- 73
SHORT - Break 62.34
Target 1- 61.44
Target 2- 60.50
Target 3 - 59.15
Target 4 - 56.04 (strong support)
STOP LOSS 15-20% USE PROPER RISK MANAGEMENT FOR YOUR OWN ACCOUNT.
12/4 calls or puts
Its a bulls market , calls preferred :)
Option Play: PINSThis is going to be one of my shortest explanations. Set an alert for crossing 66.25 - then buy calls. First target 68.5, trim a few, and then ride the rest to ATH. You decide expiration and strike based on time and levels and your risk. Beautiful setup.
$PINS above key level with today's pushThis is marching towards ATH. If 64.5 holds today, should see 68, 76 and so on.
PINS: Bullish option flow predicting a retest of ATHsLove the set up here in PINS. strong trendline from November 10th lows. I think a rest of the post earnings high is in the cards before year end.
$PINS Bearish Swing Trade PlanGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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Pinterest Climbs higher as Dorsey and Zuckerberg get Grilled
Contrasting fortunes today for the media stocks while TWTR & FB Ceo's faced a grilling, PINS drove higher
Potential short term trade entry above $64..0
target $68.50
PINS breakout & possible reversalPINS break out from downtrend and closed in fib golden pocket.
Play the breakout above 62.50 level and need volume to confirm a trend reversal.
Price Target 68.93 & 73.51 based on fib retracement
$PINS
Potential long entry today on a break above downtrend.
Fibonacci confluence targets =
$69.00
$74.00
Indicators in reversal.
BUY 1 BUTTERFLY PINS 100 20 NOV 20 58/64/70 CALL @1.25 LMTJournaling here analysis via YT channel on the way.
Pinterest 4 hourSell. Will see prices pullback to the 18 MA then go down to break the 54.57 support/resistance level down to the 48.66 support level then prices might pullback to retest the 54.57 level and then trend downwards breaking the 48.66 support to complete downtrend
pinterest on a hammer black hammer candle stick with a long lower wick means that there is a buying pressure but still the price is going down. Normally, i should wait for a confirmation for the price to gap above or else i could commit an important error.
PINS : BOOMER DAY TRADEPosition established prior to earnings and scaling in on set-ups in the intermediate uptrend. This set-up is a day trade with a higher than 1:1 RRR with exit price set on previous high.
$PINS - 2 very nice and possible scenarios here Bullish$PINS - 2 very nice and possible scenarios here Bullish
PINS golden pocket PINS in fib golden pocket, expecting PINS to recover to 69 & possibly breakout to 72
Potential Wave Count on Pinterest $PINSNOTE: After wave 5 we might see a steep correction so not the best time to enter... BUT the opportunity for a day trade is there to ride this final 5th wave. This is all coming out of a larger falling wedge which is a bullish pattern upon breakout.
Not financial advice and I'm new to Elliot wave so lmk if you see inaccuracies.
