zongwei

Etsy Double Bottom?

Long
zongwei Updated   
NASDAQ:ETSY   Etsy, Inc.
Etsy forming a clean W shape double bottom. Although it has potential to the downside, with the current bulls only market environment, upside is more likely. Playing this with a tight stop. High Risk trade.
Trade closed: stop reached:
I took a L here, but as I predicted, the price could have gone down, exactly like my chart. I did say it was a high-risk trade.
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