Inside bar play - SQ Swing
Updated
Long position. Price action above 242.05. TP1:245.02 TP2: 250.03 TP3 255.04 SL Below low of inside bar
Short position. Price action below 236.88. TP1: 233.71 TP2: 228.64 SL above high of inside bar
Has fallen out of linear regression channel on the daily chart. Overall bullish on daily, but has been trending down the past few days. Buyers and sellers are duking it out.
Stochastic oversold on the daily.
I think square has exhausted its time down there. Time to turn up. Could still go either way. Have a plan. Manage risk.
Short position. Price action below 236.88. TP1: 233.71 TP2: 228.64 SL above high of inside bar
Has fallen out of linear regression channel on the daily chart. Overall bullish on daily, but has been trending down the past few days. Buyers and sellers are duking it out.
Stochastic oversold on the daily.
I think square has exhausted its time down there. Time to turn up. Could still go either way. Have a plan. Manage risk.
Note
Targets HIT plus additional profits taken on IB support break
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