How amazing we were aware of possibility of the strong collapse in ETSY stock on 4 NOV 2021 by means of Elliott waves! ( see the worst case scenario below ):
ETSY has completed a long term 5 wave up going cycle and now is correcting it.
The Whole Correction may end at 156 ( Which I give very low probability based on wave forms), 121 or even 70 USD ! It may seems somehow unbelievable or even ridiculous talking about 70 USD at the moment. Although the correction cycle may end at 121 at 0.618 golden ratio of the whole up going cycle, Retracement to 0.786 level (70 USD) is not uncommon for a large cycle wave two.
We are prepared in advance to catch long term profit from this stock at the end of correction. I am going to propose another unbelievable target for next long term bull run ! ETSY will see prices around 600 or even higher in up coming years !
Good luck every one and wish you all the best.
Commento
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Strong bullish reaction to our 70 USD target proposed several weeks ago ! what a nice prediction ! agree???
Commento
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It reached to 70 and prediction worked well ! S.th which seemed unbelievable became true !!
@SaeedSajedi, Where do you see this going? ESP after the citron research hit piece and SVB disaster?
Mufleta
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Hi how do you see it after earning still going down to the area of $70/$80 ? thanks
SaeedSajedi
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@Mufleta, Hi mu friend. You have your answer now. Hope to ho higher if you already have it.
Blockchain_01
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when $70 and $600 ?
SaeedSajedi
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@Blockchain_01, Time analysis is among the most difficult tasks. In terms of pattern I can say one large up going counter trend correction and resumption of down side move is a normal pattern.Now we maybe just at the onset of counter trend correction.