Coming to the point of the declining triangle, either will break out, target $55, the T2 $57
or break down, support target $50, then $47.
Leaning bullish and expecting it to break out in my subjective opinion.
Looking for a Long Entry of $52.00
or break down, support target $50, then $47.
Leaning bullish and expecting it to break out in my subjective opinion.
Looking for a Long Entry of $52.00
Trade active
Current price Today will likely close on or at the VWAP from the previously made high. Above this $55 level is bullish, below, bearish. I am still holding my long position at this time. Note
$54.50* Note
ETSY broke down under the VWAP at 54.50. I kept my long position but sold $57C on my position to capture the volatilty in premium before earnings. $52 is still a long entry level in my subjective opinion. It bounced very decisively there this morning after open. Again, the overall market could bring this trade down if it turns bearish. I would close under $52
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.