Block, Inc.Short
SQ distribution bearish retest _ c u at 16~
I had initially sometimes last year made his chart when I relative a noob in charting . My phase of demand and supply . I marked my demand zones well . Latest bounce of that zone was good . The reason I had made this chart was that it had a parabolic run , so I was expecting typical 84-90% retrace on such parabolic runs . One thing I failed to see was the HTF chart . At that time I did not take into consideration distribution . This chart screamed distribution to me on HTF it’s more obvious on monthly chart . It’s a bearish retest now , could it create a deviation before continuing to the 16 dollar mark possibly . But it’s heading to 16~ or lower . Just watch the fib levels . Just look at ACB it’s distribution phase on HTF looks very similar .
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