PINS: Putting in a rounding bottom or going for a nosedive?

PINS has been stuck in a pretty wide trading range for the majority of the year. In September it looked like the stock will make a push for the upper range but last week cold water got poured on it. Now I am looking for a couple of specific things for an entry. Next week or next two weeks I am looking for a retest for $21 - $20 support region (wave 1 area of the diagonal structure) and not a break below $18. If that holds, I would look for a rally into the upper range $27 - $30 area. I will be keeping a close look on RSI for a negative divergence between wave 3 and wave 5 on the daily timeframe. On the weekly timeframe, there might not be a divergence on RSI, but it should retest the resistance area. From there it should be a nice short setup for a minor wave 2 or in the worst-case, wave Z (of wxyxz). In case of wave 2, it should be sharp and violent drop towards $18 after coming out of an expanding leading diagonal. If wave Z, it can drop to previous all-time low area but should be rather slow and steady. in any case, the short entry should be profitable. After that, I'd look for a 5 up and 3 down move for the next long entry, most likely towards the end of year. The chart should paint a cup and handle type pattern. Current market environment is very challenging and thinking about any support holding feels like a pipe dream; when Dow and major indices are breaking support. But some charts are looking rather interesting not to ignore.