I do love seeing people getting absolutely confused when a chart pulls back on seemingly good information or no news....
$PINS ran exactly to the 1.618 Fib for their earnings release and although it was a beat, it is down -14% now.....this happened with $GOOG too.
The 1.618 Fib is one of the most reliable Fib levels to watch for Wave 3 resistance and this is no surprise, there is also no changes to this chart either, this is what we had shown for the last few months for $PINS.
A hold at support now and Wave 5 is next.