$SQ: Buy the breakout! HUGE upside.Update on $SQ: In my previous analysis, I mapped out the price to continue upwards in the upwards channel but instead we went sideways. We are now in a bullish pennant, waiting for a break to the upside. The bullish trend is still intact as indicated by the weekly Ichimoku Cloud. And as we all know, bigger the time frames, the more reliable Ichimoku is.
In my opinion, buying now would be safest with setting your SL under the pennant before shares push higher in May (earnings report). This an analysis, not an investment advice.
Square
WD Gann Trading Cycle Working in 2019 Euro WD Gann Time Cycle working in 2019 Euro
This is my 4th time to post real time forecasts in Tradingview.
I could end up be way off on this single prediction, but trading is not about one single trade but with lots and lots of trade of repeated set up.
And similarly, as a trader, we draw trendlines , listen to news, and have an expectation of what will happen tomorrow (your own prediction), and many retail investor have overlook this piece of "Real Time Confirmation of your Thinking" and keep on changing the outlook for tomorrow and blindly trade according to the momentum and sentiment, or news being circulated in the market.
As a trader, we should all have a basic forecast of the immediate future from our own analysis, then we should monitor the market for some time AFTER the analysis was made and see if the REAL TIME Market is doing the same as you thought. Once we synchronize our thought with what the market is actually unfolding, then we can start to trade the market. This will eventually help you identify the noises of the market and STOP from cutting loss when there is a false breakout of the range that the Market Maker arbitrarily makes, or irrelevant news being circulated in the mass media.
Instead, what we should all do, is have a general idea the market is going to rising or falling in this upcoming few days, and then find the repeating cycle that the market had been unfolding again and again in the market and trade with that same set up repeatedly.
We, Trineaspect.com aim to teach you how to discover such cycle which is repeatedly happening in the market every week, and understanding that will give you the correct starting point on your further search for the ultimate financial astrology truth, the wd gann master time factor.
and we have just recently launched FREE NEWS TRADING WORKSHOPS to help traders, please email us (contacts available at the website) with the subject "code: #FNTW" for details
Trineaspect.com & Khit Wong hold no responsibility in any investment decisions made by reading the above material. The contents there are solely for Learning Finance Astrology educational purposes.
$SQ - Swing Trade to $100?Square has potential for profitable swing trade as we are in a upwards channel. As we saw last week, price held well against the SPX500 during its correction. We now see that the candle bounced off Span A of the 1 week cloud (shown above): keeping the upwards channel valid. Price is also currently sitting above the 26 average line (red line). This shows us that price wants to move higher before lower.
What to watch (1 week time frame):
- Watch if candle holds above 26 day avg line for entry.
- If price falls under 26 avg line, look for bounce of span A.
- Take profit $100+!
Trade at your own risk.
SQ coiled ready to pop to $80+ ahead of earningsSQ at a major trendline resistance area from the ATH. People jumped on board short yesterday as you can see the increase in volume and a bearish looking candle.
My plan is take the break of that bearish candle of yesterday with a target of $86 area with March $75 calls stoplimit $5.70 with a stop at $4.50-.60. Not risking more than $250.
As always let price discovery be your guide :-).
Square (SQ) Completing Head & ShouldersSquare is a highly volatile stocks capable of making runs that pay both ways. In this case, a symmetrical triangle has formed on the hourly, in a short-term downtrend, as volume has decreased. Expect this pattern to complete, support to hold (if it doesn't, go short), and create the next entry point before it (potentially) returns to 80's, 90's, or ATH's.
SQ ascending broadening wedge, potential bearish cypher patternif bottom trend line breaks the measured move of the broadening wedge is 63.94, also the 50 retrace of recent swing low to swing high.
possible retracement before SQ climbs back up to point D, also the 786 from the major swing high in September to swing low on December 24th
63.94 good area to long if the trend line breaks, or the bottom trend line with a tight stop, all the way to 90 dollars
Late to the party to post, but SQ swing trade worked very wellEver since SQ broke its downtrend from the all-time high at the beginning of 2019, our team at PLT has been watching for great intra-day and swing trade setups. SQ is one of our favorite companies to always remain bullish on due to the products and services they offer in the Fin-tech industry.
This trade was planned on January 18, 2019 over the weekend to enter February $65 call options on the retest of the close of January 17, 2019. You can see SQ's price broke above the daily 200 day sma, which is typically very strong support. Our stop was placed below all the bullish candles and the 1/3 back fib just under $63.50.
Result was a nice 56.7% gain on the calls almost the next day after hitting target 1. Target 2 was also hit which was the 1.618% extension from the most recent move. The calls return went well above 100% at that point since they were deep in the money.
SQ most likely goes higher, but may reset and retest a bit before earnings.
Look out for more day and swing trade ideas in the very near future now that we are all settled in to our Trading View account :-).
Cheers!
SQ ready for a pullback.SQ was one of my favourite stocks to trade from 2018, and in 2019 it is continuing with the same volatility . I do believe SQ will be getting a pullback over the next 48 hours and I have been scaling into a short position with my first short order already filled. My first target is $70, RSI is also sitting in 4hr overbought territory and the daily 66, which alone does not mean it will pull back straight away, but adds confidence to my scaling short position which may end as subwave 4 of the 5th of the start of an ABC correction. SQ is a stock that I love to day trade and scalp, but this trade is more of a swing position.
Square is this time trying to bounce at 100 DMA... Again?Maybe, we have a gap to cover which is pretty close to it, and a 200 DMA which is pretty far. Where is it going then? My PV for this asset is basically around $53, but that area seems to be quite low for it. So the target would be acceptable around 200 DMA.
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Bitcoins square root functionsWhile most trades look at a linearized theory like trend lines , triangles and channels it seems that in a bigger picture it is not linear at all. Here I interpolated the lows and highs of bitcoins 3 cycles by a curves that look like square root functions. There is only one parameter of freedom to choose such a square root function a* √x. Without going to deep into mathematics of finance we can see that 2.6-3k region should hold strong support.