Next Bearish Wave Down For ETSY
1. Long term EMA (50), which supported the market since March 2018 has been broken. Now acting as resistance with latest reaction at 44.60.
2. Bearish wave structure, 5th Impulsive wave expected.
3. RSI is in bearish channel structure, with space for downside.
Conclusion:
Bearish move in the form of a 5th Impulsive wave expected towards 33.50.
2. Bearish wave structure, 5th Impulsive wave expected.
3. RSI is in bearish channel structure, with space for downside.
Conclusion:
Bearish move in the form of a 5th Impulsive wave expected towards 33.50.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.