$etsy H&S, Part 2 Declining volume, bear divs, ATH resistance.

17 בינו׳ 2019

ETSY
Ignore that purple line, I didn't see it there when I posted the chart.

Title says it all.
Declining volume,
Bear divs,
Overextended,
Head and shoulders,
Nasdaq stretched overbought for the past few days.

One catalyst and this will drop just like last time. Set your stop loss at new highs, easy play. I'm playing this with ITM puts and my target is lower than last time.

Short the red area, cover in the green.
Sidenote, Nasdaq looks to be rejecting from the 0.5 fib retracement from the all time high to the bottom. Should be significant pullback soon.