I like the hammer candles and volume coming in on the daily. Also looks like an interesting double bottom. The daily was a previous bracket trade and closed ON our bullish trigger yesterday.
I am bullish ETSY as they are at all time low since IPO and have earnings coming November 3rd. Expecting some speculation to the upside soon. Short term bullish on Options. watching November -December $15 Calls.
Earning is behind and reaction won't be great tomorrow but will provide buying opportunity with a possible target price of $18.4 next six months. This 3-week tight pattern is not that much reliable, but it indicates either the top or the bottom is very close. Real-time alerts www.2waytrading.com
Plan is to accumulate dips with risk on 18.15 for a swing. This chart is coiled up and looks like it could be a bull flag. I would take partial profits into 22 area resistance
Right Angle descending formation in construction neckline 17.54R. The geometrical formation in current construction has had 2 tests of the descending demand line & the next attempt at the 17.54R neckline. The 2nd test incorporates full real body candles depicting the tenacity of the bulls as they charge the neckline
ETSY at a potential bottom after IPO sell off. Can't short or buy puts. Looking to pick the bottom for sure. However, nice OWS candle. Next quick target is likely the 20 EMA on the daily (aka the blue line)
