Pinterest Inc.,(PINS:NYSE) Elliott Wave Technical Analysis September 8 2022

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Pinterest Inc., Elliott Wave Technical Analysis

Pinterest Inc.,(PINS:NYSE): Daily Chart, September 8 2022, 
PINSStock Market Analysis:We could be at the end of an Elliott Wave Triangle in wave {iv} as we are expecting further downside in the future. We definitely do not have an impulsive trend establishing move off the lows which confirms that we will see further downside soon.

PINS Elliott Wave count:  {iv} of C.
PINSTrading Strategy:Looking for further confirmation to break wave (b) of {iv}.

PINSTechnical Indicators:We are close to all EMAs apart from the 200’s. The RSI is contracting with price which is also a sign we could be in a triangle.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Pinterest Inc.,PINS: 4-hour Chart, September 8 2022

Pinterest Inc.,Elliott Wave Technical Analysis
PINS Stock Market Analysis: Looking for downside to come soon. Red line is invalidation level and green line is confirmation.

PINSElliott Wave count:  (e) of {iv}.
PINS Technical Indicators:We are very close to all averages which could indicate the count could be correct.

PINSTrading Strategy: Waiting for confirmation level to be broken.