Etsy Inc. (ETSY) has been one of the hottest stocks this year — up more than 165% year to date…
The price action signals the stock might have another leg up, and there are some specific key levels I want to keep an eye on for a re-entry.
You see, I just locked in a 25% winner on ETSY recently.
However, the pattern I used to uncover the trade idea is the same one I’ve used over the past decade.
The pattern I’m referring to has been popping up a lot with stocks breaking out to highs, and is a great tool for traders if you know how to spot it.
So what pattern am I referring to, and how did I use it to spot the 25% winner in ETSY?