$ETSY - RC -
Added 2024-01-08 20:51:48 +0000 UTCStandard pull back here to the 50 Day MA which is between the 0.38 Fib and the 0.5 Fib levels, I can only see one wave so far in this pull back, so I also expect a bounce here shortly for Wave B, before moving down lower to the 0.618 Fib at $70.
A lot of stocks are bouncing on the 50 Day MA today, so it would be nice to say that the pull back for Wave 2 is complete now but with the CPI figures this week, we need to be mindful of some volatility for the rest of the week and a further pull back after this bounce.
$ETSY is performing as expected and my Wave C target remains the same.
