Pinterest is doing a lot of good things. The turnaround story is motion at the moment and the price action has been choppy for a while. In the next few weeks, I would expect price to make a turnaround and move upwards to complete the leading diagonal pattern. I have changed my wave count since the last post since the price action does not look like the pattern has completed yet. I have expanded the diagonal count to fit the price action better. It is important that price exceeds $37.2, preferably above $37.7 to confirm an expanding leading diagonal. After that, at the end of this year, should expect a sharp move down for any wave 2 following a leading diagonal pattern to give us the perfect entry point. I would expect many good things in the upcoming years and could turn out to be the hidden gem among the rocks when the big overall market downturn hits. Options strategies have been very good this year with selling verticals. Planning on selling some put options soon and look for long put above $37 if things play out as expected.
