Monthly 3-2-2down Trigger in Play
This ticker started out the gate with no retest of last months candle, $108.36 incoming.
Price Targets & Ideal Buy zones
- Price Targets $108.36 $100.61
- Longer term target is $396.10 this maybe a quick wick target, so be careful.
- Ideal Buy Zone is $130.20
- If ideal Buy zone is not giving then look for a weekly trigger hold under $117.86
Invalidation if play breaks last months high
What if price goes straight to target with no retest?
- Use actionable signal under Monthly low to play to target.
- Once at price target, look for a weekly bullish pattern because that will ensure its upside retest of that level we didn't test
Why am I most certain we may bounce at the price target levels?
- 3/6month are in reversal bullish patterns and the monthly bearish pattern is potentially just to retest the 3/6m level.
MID MONTH UPDATE
ETSY is hanging around the ideal buy area, price may retest that imbalance area and bounce again. Remember the Quarterly is bullish and the monthly is just allowing the retest of the Quarterly.
