Block, Inc.Long
long on SQ
Looking on a weekly chart we can see that SQ is in a consolidation for over 2 years.
But if we look closely we can what was building in there, a head and shoulder pattern and in November we broke resistance level and neckline.
I'm conforming that its a valid breakout with the increase in volume at the breakout.
Now we had the retest to neckline/new support.
Now IM waiting for a bullish weekly candle to trade off that level and then enter long.
But if we look closely we can what was building in there, a head and shoulder pattern and in November we broke resistance level and neckline.
I'm conforming that its a valid breakout with the increase in volume at the breakout.
Now we had the retest to neckline/new support.
Now IM waiting for a bullish weekly candle to trade off that level and then enter long.
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