$ETSY - Note -
Added 2023-06-22 13:03:13 +0000 UTCWe can see that $ETSY has given a false bounce, leading buyers back in again, this certainly looked like going against our trend and that was due to the company announcing a $1 Billion share buyback....I think share holders will appreciate that management are trying their best but it is difficult to fight a trend like this.
The price action formed an ascending triangle on this news and has started to break down from this triangle now, this break down if it starts to accelerate should bring this down to very close to our target.
Remember, my targets are the bottom.....we do not wait for the bottom, if you like $ETSY, make a strategy to scale in or wait for confirmation of support and catch it as it moves up for Wave 2.
But I won't accept members saying that they waited for $67 and it never came and now they've missed the run, we are better and more experienced than this.
