Etsy Elliot wave 5

2021년 10월 25일

Looks like Etsy could be in the middle of a Elliot number 5 impulsive wave.
If this is true, a possible price target might be 0.618 Fibonacci which is ~288$ or ~+14%
Stop loss: 225,25$ or -10%

==> risk/reward ratio of 1.4:1 is not very tempting - so I don't recommend to enter the trade now.
If you're long already you might want to hold for more profit.

This is not financial advice.