3E2 trade ideas
ETSY Still have the answerStill have the answer and still looking beautiful. Train looks like its gonna leave the station soon.
ETSY on watchBroke out of some consolidation then ran into trend line resistance. Good chance for a break here coming into xmas shopping season.
Has already tested the trendline twice increasing odds of a break. Risk is a close below the box. Targets are the dotted lines.
Strength in the broader market and retail sector would help.
$ETSY - Nov 25 maybe the dayGoing to watch how ETSY trades today and do my best to grab some call options at a low.
Could hold this as until as late as Dec 4. Depending on how the day goes, I may opt to not get in at all. I am both honoring the trends as I see them and bracing for a pull back in the market.
The trend and technicals display positive signals that it may capture some short term stairs upwards.
Buyer be ware.
$ETSY Bearish Swing Trade Plan.Green Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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$ETSY - is not done yet$ETSY has not reversed it's buy signals. It's MACD is just just getting started. ATR is supportive along with stochastic. And it's sitting on support.
Plan: buy the open on 11/23 - sell at the close, reevaluate daily and potentially repeat on 11/24. Give yourself some room to be wrong.
I buy call options with expiration further in the future so that i have room to make a mistake.
$ETSY Perfect Elliott Wave Set up (currently starting wave 3)Correction wave has ended and currently on the beginning of wave 3. With higher COVID cases across US and more people at home + holiday season this makes for push up to complete wave 3. NASDAQ:ETSY
$ETSY - has another day of growthBuy the open, sell the close. Do not hold over the weekend.
This has a lot of positive signs that it wants another day of growth.
ETSY Got the answer (for now).How long will it go? Got me. It has a few obstacles to overcome. But RS seems to be confirming.
$ESTY Potential Gap Fill trade Setup
Potential entry on a move above 135.50
Target just below gap fill @ $ 143.75
ETSY getting closer to an answer.ETSY is getting super tight. Should get an answer on which way it wants to move. Doesnt matter to us traders. Ill take notice if it breaks higher, if not itll be off the list.
Will Etsy Climb the Channel Over the Holidays?Etsy seems to be consolidating at the bottom of it's current price channel. I'm interested to see how Etsy responds over the next few weeks as the holiday season approaches.
Red box: Short term resistance ~$130
Blue box: support zone from late October/November
It looks to me like ETSY may retest the blue support zone one more time before climbing higher in the Channel.
Etsy - Gap to fill RSI getting momentum near 45
MA200 huge gap to current price
MA50 in short distance
MA20 in short distance
CMF close to 0, eventhough a -26,49% retracement just happend.
Gap to fill / Potential upside to last top 26,49%. Downside to last support -17%.
Perfect swing here.
ETSY long. Complicated wave count I will long ETSY as it is still on a bullish trend and it may have well just completed the larger running flat corrective wave. Also, the fractal nature may be a crucial factor of a mirrored image of an upside.
$ETSY Gap Fill trade setup as Etsy recovers from lows.
Potential entry in the coming days on a break above resistance @ $132.
Entry 1 above the 7ma
Entry 2 above the gap fill level
Targets $140 short term to gap fil.
Double bottom on Momentum & RSI
ETSY - Time to swing upETSY attempted to break below trendline support twice in the last 2 days but each time closing off the lows with long wicks at the bottom. Today it opened right at the trendline and proceeded higher with a bullish divergence between price and RSI.
Long as it breaks above yesterday's candle high @ 126 with initial stop just below yesterday's low at 113.4 I'll be moving the stop loss to 119 as soon as we have another bullish daily candle.
Looking to take partial profits around 140 and with trailing stops for the rest.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
ETSY still in bullish ESTY still in bullish but close to a possible resistance, we'll see if its going to break its previous highs
Etsy poised to keep up its momentumEtsy is poised to do very well as a momentum name in a stimulus fueled market environment.
