Get started
Etsy, Inc.
Long

#ETSY: Big reversal, basing after the previous decline ended

By IvanLabrie
Updated
The weekly Timemode trend signal here expired, signaling a potential reversal in the making. Price action was seen basing for weeks on end since the initial rapid decline stopped. Looks like price can stage a comeback and land on $214 or higher, or even new highs in the coming months. I'm long from around here, aiming for the blue arrow target, but potentially riding this one for longer if warranted.

Cheers,

Ivan Labrie.
Note
Close to the first target already.
Trade closed: target reached
snapshot
Note
It will take a while to move higher, so for now I'm out. Nice run, ez money.
Trade active
snapshot

These are my trades here, we now have a new monthly uptrend signal, so more clarity regarding future potential...it's big.
Note
snapshot
Chart PatternsETSYFundamental AnalysisGrowthkeyhiddenlevelslabrietradingrgmovtimeatmodeTrend Analysis
IvanLabrie
🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
Also on:

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.