A little more downside on #SQI think we see a little more downside on #SQ before we see a nice push to the upside as we are getting close to that .707 level on the daily especially after todays move
SQ3 trade ideas
$SQ to 130 weekly #sss50percentrule triggeredLooking for a push to 130.37 for the outside week. Needs to hold 125 to stay in force. I like next week, of course.
Is SQ struggling?Is SQ struggling?
TA: The last of the EMA's have now crossed over (50 over 20) so there's a lot of downward pressure
FA: Squares last 2 earnings have been a little worrying. Q3'21 was below followed by a downward revision for Q4'21 and another downward forecast for Q1'22.
Targets. Previous lowest low between 91 and 95.
NB. Could form a nice double bottom from that price.
$SQ trendline in placeSolid trendline in place going into earnings. Only Neutral because it's so close to er and it's still below the 20, 50 ema and 200sma. Will watch price action at the dynamic resistances.
SQ Above $130SQ closed above the trendline and also there was a large number of $131 call volumes traded expiring this week.
Bullish on Block $DQ #SQ for possible $250Bullish on Block #SQ for possible $250
- Aladdin is buy
- Ichinoku seems bullish and may do an e2e
$SQ short -Looking for the 119.05 break for a nice long short
-will look to enter 1-2 candles after the break for confirmation and to avoid fake outs
-Playing this down to 92.90 we can hop in and out of weeklies OR we can get a monthly option and just ride it down near 92 lvls
An Intricate BlockA lot of bullishness unfolding here so I will start with the targets and break it down how I got them and why I am so bullish on SQ.
*Initial Target = 138 ; time to target TBD, what I'm looking for is 3 consequtive green candles at the 2 hour level (estimating time to target occurring before the end of April)
**Intermediate Target = 157 by 5/4/2022 - I will explain below
Goal Target is above 166 , but will return to this after the first 2 pts are hit (I can say time to target is after May 4th)
Explaination:
- my analysis displayed begins after the gap on last earnings, notice the 5-count down to fill gap that immediately led into a harmonic resulting in a leading diagonal with wave 1 at 100% retracement of AD... the 5th wave made it to 2.618
- the corrective wave off (5) was a wolfe wave which led into a Butterfly which is yet to materialize... however, the green circle starting April 12th is a Butterfly Fractal - you'll see this if you look at the chart at 5 or 15 minute intervals... I am expecting the next leg up to begin any day now coming off this setup
* Initial target is a 0.618 AD from the "primary" butterfly and a 1.618 from the "secondary" butterfly fractal. In between the current price and the initial pt (138) there is a gap to fill around 134 - this will be a 1.272 AD off the secondary/fractal butterfly (again, not shown but you can find it at the lower intervals). A gap and continue to initial target will set up to continue to intermediate target.
** Intermediate target of 157 is 1.272 AD of primary butterfly (shown). Using the blue trendline from the 1-4 wolfe wave resistance I obtained time to target as the intersection of the 1.272 AD and the 1-4 Wolfe line.. this falls on May 4th but could occur sooner in the right conditions.
I'll revisit this soon but I'm seeing very bullish signals in SQ. Side Note: the yellow trendlines are just longer term trendlines from a while back, left them on there in case they can explain any hold ups or critical levels in price action, probably not important.
Not Financial Advice.
Block (SQ) LongSQ showing signs for reversal and strength, it wants to turn, but is waiting on the overall market to stop falling. We see $170 soon on SQ.
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SQ to $140 It could retest $120 before bouncing back. Also, many bullish call activities happen for a $150 strike.
$SQ Big Watch -Watching how price moves around 120.86
-If we can get below that Support then we will head down back to the $100 levels
-We missed the puts last time it tanked so make sure to keep a close eye
-If we bounce off these levels we might get a nice run up back to 134 lvls
Square - ShortBias: Short
Trade Plan A:
Short at 123
SL 131 based on Fib
Take Profit 1 - 114
Take Profit 2 - Trailing Stop Loss
SQ: Sell Zone is 170 -176SQ is forming a leading diagonal off the lows. The bottom is in for the near term, and price should head up to the sell zone at the 170-176 region. After that, price will pull back for 4-8 weeks to about the 110-120 level before beginning the big move up during W-3. Since W-3 topped at the 1.0 extension, I am targeting the 1.382 extension for W-5.
SQ intraday idea SQ has had a nice run up prior to this short POS i put on just today, I am watching 130 area specifically. We could see a potential large move down, Chart is not in depth just a quick idea for those surfing Tradingview right now!
Goodluck, as always not financial advice my opinion!
SQ to $150 $130 is the strong support for it and if the market remains bullish we could see the momentum will take it above $150.
SQ to be "stuck" between $83 and $153 for a whileSQ was absolutely a lead bull for the last 2 years since COVID hit. That’s over.
I’m drawing 2 Fib Retracements here:
1) LEFT Looking at the left Fib since the COVID low, we have now retraced back down to the 0.786 line (~$83/share). That’s bearish if I ever saw a sign. Furthermore, we in the last few weeks bounced up to $149.00, below the 0.5 Fib from the COVID low. Because we didn’t bounce off of the 0.618, there’s hope we can get bullish again, though bleak.
2) RIGHT Looking at the right Fib since the COVID high, we see we have bounced in the last few weeks to just shy of the 0.382 Fib. Again, not a good sign. If it were the 0.618 or the 0.5 Fib, there may be more room for a bullish look coming soon.
I expect SQ to bounce around between the LEFT 0.786 and 0.5 Fib ($84 and $153), and the RIGHT Fib 0.382 and 0 ($154 and $83) ~~~shockingly close values~~~ for a few weeks or months here.
Now, $83-$153 is a HUGE range for a ‘typical’ stock, so there will still be a lot of money to be made. I’m on the team of selling at the high end of this range and selling at the low end. When the channel breaks one way or the other, I’ll re-evaluate.
Happy Trading!
SQ: Trend Analysis and Key Points to watch!Hello traders and investors! Let’s see how SQ is doing today!
Despite the drop in the past two days, SQ just reversed its bear trend and now it is in a bull trend. We see higher highs/lows, it is trading above the 21 ema, and the volume is increasing, just after it hit the support at $ 87 (keep this price in mind). It is the first time we see SQ doing these movements since mid-2021.
It broke the previous resistance at $ 130, and this price level is supposed to work as a support for us next. In addition to the $ 130, we have the ascending 21 ema, which is another technical support. SQ could drop to these supports, and this wouldn’t invalidate the bullish bias seen in the daily chart.
In order to reverse and become bearish again, we must see a clear reversal structure, and so far, there’s none.
In my view, it is normal to see SQ struggling right now, because we just hit a key point in the weekly chart:
As usual, the 21 ema is working as a resistance here, and SQ is having a hard time breaking it. However, we have some good news.
Remember the $ 87? This price level is one of the most important for SQ, if not the most. It worked as a nice support level in February, because exactly 2 years ago (Feb 2020) this was the pre-Covid top. SQ lost 2 years of growth, along with the "tech enthusiasm" during the pandemic.
However, I like how the market reacted at this price, and the volume tells us everything, as it had one of the highest spikes ever seen.
To me, SQ looks interesting, and the bullish bias is intact, as we don’t see bearish structures. Either way, we must pay attention to the support/resistances mentioned in this analysis. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my analyses!
Square | SQ | Short to SupportSquare ( NYSE:SQ ) may not be done its decline in the coming weeks. It currently sits in a falling wedge formation. After an earnings beat on February 24th, retail jumped back in, but the gap-up was quickly filled 8 days later. It continues to show signs of weakness. Last dip to $82.72 may not be the near-term bottom. If Square continues its decline, true support may be in the $70s (or much lower).
A continued break through the falling wedge's resistance and above the 50 EMA (yellow line) will nullify this thesis.
