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Trade Signal Update NDX ETSY 400 percent profit Elliott Wave Long Trade

Trade Signal Update NDX ETSY 400 percent profit Elliott Wave Long Trade

NDX-ETSY_Trade-Signa...

Trade Signal Update NDX ETSY 400 percent profit Elliott Wave Long Trade

Technical Analysis for ETSY is Elliott Wave, Trading Levels and Volume.

The TradingLevels analysis of Major TradingLevel three (TL3) $30.00 showed that the market had migrated from resistance to support, which marked a long-trade set-up.   After entering the trade at $31.73, we have now seen a jump to around $41.75 and we got a whopping 400% profit.

Elliott Wave Analysis has the correction / continuation pattern at TL3 as waves 3 and 4 supporting the trend analysis for the long trade.

The gap in the market also fits nicely with Elliott Wave thirds wave price action.

I expect a corrective pattern at the $40.00 which in TradingLevels terms is a MediumLevel (ML4).
Once this is completed expect a move higher to TradingLevel (TL5)50.00.

The current profit status of $2,241 is over four times the risk or over 400% profit on this CFD ETSY Trade.

NASDAQ:  ETSY  
Daily  Chart  
Entry Date: 31 May

Entry Price: $31.73
Stop: $29.52
Current Stop: $35.46

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STOCKS: USA

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Trade Signals, Stocks, USA Stock CFD Trading

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