SQ has started to downtrend and recently gave up a crucial level of support at 226. After breaking support, stop losses were triggered and shorts piled on creating a nice sell off to the low 200s. Since then we have seen a doji followed by a continuation candle (at the time of writing). I expect sq to retest the 226 level and to continue moving lower to the pink zone identified. That would mean a target between 195-200 with a stop loss above 226.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.