I am starting to put $PINS on my radar now because of this set up.
Price action has moved in an impulse wave since the start of 2022 and has since pulled back nicely and has been consolidation along the 0.5 - 0.618 Fib levels.
The price is still below the 200 Day MA and the blue line at $36 but a break above these levels and holding and the reversal is on....with the Wave 3 target as always being at the 1.618 Fib at $74....which is a 100% gain.
I will keep an eye on this for the breakout for us.
Ja Ma
2025-01-29 14:32:13 +0000 UTC