Pinterest, Inc.
Short
Mis à jour

These PUTS are getting very PINTERESTING

Pinterest appears to be topping out and here is an Analysis that gives us some potential downside targets if price decides to keep pushing lower.

Beware of a potential exhaustion push up from the current position.

Will be keeping an eye on this one closely for some Put Contracts.

Not Financial Advice - this is for educational purposes only.
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In our private channel we called out $81 16APR21 Puts. Still looking for more longer term contracts as price action continues to prove itself

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Rinse and Repeat

Ouch!!

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This has really shaped up to be more of a double top due to the extreme exhaustion push we saw and that nasty wick that sucked in uneducated retailers at a top.

Now as we push our original "neckline" we can still use this line for nearly the same function and target estimations.

I pulled some red fib retracements to help us find potential resistance levels as i suspect we could bounce and find some support in this general area. Theres a lot of areas above market makers are going to want to fix before they head lower.

if we do get this counter trend uptrend, it will be a great opportunity to find some short entries in anticipation for a future break in this neckline.

NOT FINANCIAL ADVICE - I AM A TALKING TACO

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I dont really see it happening, but watch for a counter trend to push up as high as my red .833. Dont go entering puts to early.
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three day 100 ppma is hovering right around our target.
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watch for us to come up and test that three day blue 44ppma as resistance before heading to the green.
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Sorry its been a while since I updated this thread, life has been getting in the way of charting lately.

Lets see how our last comments held up.

I honestly thought they wouldnt push up this high on an exhaustion move, but that doesnt mean I wasnt prepared for it and warned about it on May 6th.

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This gap was extreme, I do believe we will find support off this 100ppma 3day, and retrace some of that gap. Could be another opportunity to position short on that potential retrace.

Not financial advice.
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Closing in on T2
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When we get to that area, we can most likely expect a counter trend back up to attack that orange box. If we see support in this area we have to keep an eye out for signs a new trend could be forming.
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back in july we said that this gap was extreme and that we would expect them to come back and clean that area up.

I didnt expect them to pop it like that but that could have been done easily with a short squeeze.

Theres some rumors about a buy out. But i dont believe it yet. I think this thing is still set up to the downside

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That gap to me is now closed. Will retail fomo push it a bit higher? certainly possible. Risky times to play this long without seeing what a pullback looks like.

Im looking to reload on some puts here

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Thats one hell of a weekly break and hook back on my blue moving average.

Still calling bullshit on this paypal rumor. Looking down not up.
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Bullshit confirmed lol.

Played the 21JAN 45p got in at .45 on 10/21. Up 74% in 24 hours.

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Bullshit confirmed!!

Those 45p's are now worth 2.60 at this time
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This is a good reminder that no matter who you listen to, you should ALWAYS do your own research and keep an open mind to both sides. To me, there was just too much bearish pressures to believe that pump candle was anything but a short squeeze.

No one is perfect, the ones with the most followers will be wrong.
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Lower time frame

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We are in the gap finally.

Been eyeing this up since the beginning.

Ive adjusted these retracements a bit.

46.30-.24 is an important level to watch for a possible counter trend back to the upside to start cleaning these down moves up.

Maybe a good ER coming out soon will give us a pop in the other direction.

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We are in the gap with a sell off this morning piercing the 46 area

Small time frame momentum under 1hr is diverging and i think the counter trend is coming sooner than later
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49 area is where we would hope to find resistance if a counter trend appears.
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Turning off the extended hours moves the MA's a bit.

Seems like we could counter trend back up to the blue MA on the 30min as it potentially meets us at the purple line.
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Gap closed and bounced off the .382

Looking for counter trend here.

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We have officially hit our second target that we called here in March. The original analysis changed slightly as we continued to monitor price action, but the overall assessment of a trend reversal was correct. This is a great example of how we much trade what we see in the short TF as we try to time a long term reversal
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Well we did get a very small counter trend there.

Selling pressure is intense. I gotta go to work. I sold another contract here for $3.50 that i got for $.45

The rest im going to let ride through and see what happens
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Remember when i said I was gunna let it ride LOL

Nah I like my gains realized. A larger counter trend is brewing in my opinion and id rather have these gains go to work somewhere else, rather than trying to squeeze the last bit of juice from the lemon!

Sold +1 @ $4.00
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We just hit our T3 that we called out in march. We have played these puts a handful of times on the way down. This has been fun.

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Weve been chopping around the real support level. This was expected. Watching daily momentum start to show signs of a possible counter trend.

So we start to look for levels that we could find resistance. These red boxes of resistance are possible, We have our dynamic resistance on the weekly hooking back around looking for a retest as resistance. And we also have a weak downtrend line forming with some lower highs. All of these areas converge around one zone. Ive drawn out a couple paths if they want to fomo retail into this one.

Still watching for them to close that gap below.

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They said NOPE!! we aint going to even give retail another exhaustion bounce to exit. They pulled the bid on this one quick.

Target 4 official hit.

Hope this was entertaining for you as it was me!

Lets see where this thing is at in a few more weeks.

It honestly wouldnt shock me to put in a new All time Low..
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Next stop would be the .618, it has confluence with the next global support level
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This thing cant catch a bid anywhere! What a thread this has been over the last year ;)
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Looks like we put in a double bottom again, similar to what we saw just a few months ago.

This is most likely going to fail and be just another area that sucked in retail long traders.

Look at the S/R Flip on that .618 fib. Thats telling me, we are more likely to seek lower targets in downside continuation - then for us to be putting in a bottom here.

IF todays price action can not break the lows of that double bottom, I would have to start considering the chances it could hold for a short term bottom.
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Looking at that .786/.833 level for possible bottom.

My personal Bias has a gut feeling that this one is going to make a macro double bottom and we go and retest the covid 2020 low.
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Right to the .786
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The .786 has appeared to hold as support from a longer term perspective.

This could get PINTERESTING to the long side

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Targets Hit
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Clause de non-responsabilité