An Intricate Block
A 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.
*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.
Disclaimer
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.