Square
SPX | M | SQUARE & FLOWER SETUPEnd of month moment arrived !! enjoy this new setup! A very exciting October month ahead :)
it contains some imperfections... this is the best I can do at this TF due to some limitations of the charting library but still gives a nice view :)
should be clickable tomorrow :)
zoom out:
Cheers,
Keops
$SQ entry on .786 fib cypher pattern and green volume$SQUARE giving me a green light of this cypher pattern. My call here is not to be construed as financial advice, markets can go against you at any time. As always, risk management is key.
SQ Healthy PullbackSQ got wrecked last week, but managed to bounce at a key fib support. I expect the bullish trend to continue on this one.
$SQ bouncing in the channel and then an ATH.Square will bounce until earnings and then booooooom to an ATH.
SQ Fib Price Targets for 2018SQ looks to have found support after a HEALTHY retracement. I will look to add some shares to my longer term accounts as well as take advantage of some nice Intra day setups.
ETHUSD | 3H | SQUARE & FLOWER SETUPAnother variant of my square and flower setup. As you can see, you can perfectly fit 3 horizontally and vertically aligned squares (hypotenuse alignment) inside the inner flower. This illustrate very well the connection to PHI between the square and the flower..
Pressure is building up as the price is stuck between a resistance edge and upward spiral..
Cheers,
Keops
EOSUSD | 3H | SQUARE & FLOWER SETUPThe square and the flower are linked via what I call an harmonic resonance ratio that is related to PHI. enjoy!
Cheers,
Keops
Monday to give direction on SQ for the coming weeksSQ 4hr chart equilibrium break will give direction for the coming week - breaking up above 92.39 increases confidence in continuation to new all time highs this week, and a break of 89.31 will have us looking to test 83.34 as a daily support. The weekly chart is getting extended with 6 green weeks in a row and a bearish reversal spinning top doji on declining bull volume. If we do lose daily support, consolidation on the weekly would be very healthy so long as the bulls can hold the MA20, somewhere around $70 next week, and do it on decreasing bear volume. Weekly support is 63.21 and is nowhere near at risk of being lost
$SQ - SQUARE SCREAMING TO TAKE PROFIT$SQ
If you are trading Square, I would be very careful. On the weekly chart, price is touching the top of the massive ascending channel (likely to test the bottom eventually), huge bear div on RSI, and a potential reversal doji. Technically, this screams "take profit."
Square is Ripping! But Don't Buy out of FOMO...SQ shows multiple signs of a strong bull trend. Be careful when looking to buy lest you get caught in a retracement.
Currently, SQ is trading at $87.88.
We will find resistance from levels from above including the following:
89.22 from highs and lows over the past 14 periods
We will find support from levels from below including the following:
69.88 from sma 50
68.90 from highs and lows over the past 14 periods
63.21 from highs and lows over the past 30 periods
43.72 from highs and lows over the past 100 periods
38.80 from highs and lows
As for Technical Analysis we have the following. Volatility is extremely high. Expect some consolidation soon. The RSI is 79, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is quite a bit above the signal line suggesting that we may have a trend reversal or pull back soon. SQ is above the 50 period SMA by quite a bit, suggesting that we are overbought. Furthermore, We are well above the 100 period SMA, which suggests that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX is at 70, which is strongly bullish.
We are above the central moving average of the Kovach Reversals Indicator at 74, but getting closer to the upper bound of this indicator at 85. Watch for resistance at this level.
bull score: 11, bear score: 0, ranging score: 0
Square: Short term drop coming - Wait for support to be testedSQ still moving in the upward channel, but failed to drop down after touching resistance a couple weeks ago. Resistance was retested and rejected, with the RSI showing a strong bearish divergence. Wait for the bottom of the channel to be tested to buy in, or wait for breakout above resistance. Target in the low $60's. Good luck.
My opinion not financial advice
SQ puts to 68 by Jul27 Price
Starting date Sessions From To P/L
03/21/2018 2 57,09 51,12 -10,46%
04/20/2018 2 51,80 45,31 -12,53%
06/21/2018 2 67,10 60,87 -9,28%
Overbought SQ - 40% drop in the next monthsWith the "Trump wars", and the parabolic growth this stock presents, it would be natural to have a gigantic drop of at least 40%, just for correction purposes. RSI is highly over bought in the Monthly charts.
Short at 70.5
close position at ±45
SL: 72.5
$SQ cool off before new highsHere is a possible short trade / fund the long position move. I am in calls but will look to sell tmw and possibly open short.
Square, SQ - Time for pull back?Lets keep it simple!
Square has been doing great, but what goes up must come down. Is that time now? Lets see...
Besides SQ selling BTC this year giving it a jump in revenue, we can see it may have topped out at 70 for now. I don't really have any doubt in my mind about it reaching the 236 around that 55 - 57$ mark, bouncing to a possible double top around 64$ as shown with the first buy and sell zone Ive set. I have more concerns of the end of the year outlook.
If this plays out, I believe we could see a massive drop to potentially the 618 at that juicy 32$ area. Like most of the charts I've been posting, I think we may be in for a all around drop around new years. This doesn't mean im bearish long term, I believe SQ is going to be great in the future, but I like to buy and sell a bounce. We will need patients for this play.
You can see the sell signals stacking up for the second month in a row with godmode, which I dont completely like to go off of, but its there.
We also have momentum changing on the DAILY, which ill be watching for a momentum change before making my next update.
Theres not much else to say about SQ, considering its up over 600% since a year and a half, a pullback doesn't seem out of the question. Earnings coming up in August will give me a much better idea as to which direction we could be heading.
Follow for updates! Happy Trading, debating and speculating!
