Hubert Senters here.
Let’s take a look at Etsy, ETSY. Etsy looks really good. It looks like it’s going to climb higher. Let’s walk through an exercise of trying to figure out where the next price target will go so.
What I’m looking is I’m using the tool called Fibonacci Price Extension and it works like this. You see just look at the picture and I’ll explain to you what it’s doing.
It’s going to go low, high, higher low and then it’s going to project in the future so you go low, high, higher low. All you have to do is reverse engineer that.
So this is going to be your higher low right there so this is going to be your last point and then it will go and it’s going to be your most recent high. And that’s going to be low, high, higher low.
That will work. This will also work. Low. High. Higher low. But this looks a little bit more accurate to my eye. We’re going to grab the tool.
Low point. High point. And then low point. So you’ve got a next target for Etsy to the high side $164 to $175. Currently right now it’s trading at $146.
I’ve been asked to speak at the Wealth 365 Election Summit. Heads up, I won’t going to teach anything about politics because I don’t know anything about politics.
It is the largest online trading and investment summit in the world. It starts October 12th and goes all the way to the October 17th so it’s going to be happening for a few days.
There’s going to be a lot of speakers over there. If you don’t have a ticket heads up, you could get lock out. GotoWebinar and Zoom room at some point reach capacity and they’ll start kicking you out so you got to be careful on that stuff.
I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
