$SQ - Wants to move badly, consolidating hard
This is a confusing one for me. The 1 day chart looks bearish as usual, no great volume, actual down trend on the RSI, macd indifferent, all technical indicators say bear/mid.
But, that 4 hour chart, the Trend Meter and stochastics read bullish reversal. Did I just catch this thing before it popped?
Check out the 1 day chart divergence channels. It effectively closed out of that range the past 2 days, but B(E)ARELY.
Thinking the next few days will be a big indicator if we consolidate for another 1+ weeks or if this thing starts to move it's convergence to bullish.
But, that 4 hour chart, the Trend Meter and stochastics read bullish reversal. Did I just catch this thing before it popped?
Check out the 1 day chart divergence channels. It effectively closed out of that range the past 2 days, but B(E)ARELY.
Thinking the next few days will be a big indicator if we consolidate for another 1+ weeks or if this thing starts to move it's convergence to bullish.
Note
"hey son, are you restarting?"
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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.