ETSY is ready to break out of a double bottom baseETSY is ready to break out of a double bottom base with a 147.65 buy point off the middle pivot. The 10d ATR (x2.7) calls for a 15.01% loose stop which would be 122.08 with the current close. That's a really loose stop, so a smaller position size of R6.66 is needed.
An alternative stop could be the first bottom of at 132.69 and allow for a larger position.
10d ATR
Stop 122.08
Position R6.66
Alternative
Buy Point 147.65
Stop 132.69
Position Size R9.87
