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Square

Analysis of the current situation on SQToday, we will take a look at Square INC. a) The price has been inside a corrective formation since February 2021 b) On August 2021, we saw the first attempt of a breakout, and since that movement, the price was not able to make a new ATH c) Currently, we can see an ABC pattern on the edge of the previously broken structure d) What to expect from here? -If the price makes a new ATH, we will confirm the bullish movement towards the targets drawn in the chart. Please pay attention to the cloned channel as a possible reaction level. e) Let's assume the price is not able to make a new ATH, then the answer is pretty simple, "THERE IS NOT AN ACTIVATION LEVEL" (sorry for shouting). This is important to explain because inaction is a position itself. If the pride doesn't follow what you planned, you stay away from the market. f) Invalidation levels ALWAYS below C (of the minor correction) g) A movement like this can take between 150 to 200 days to be completed (if everything goes as planned, of course) h) Remember: NEVER risk more than 1 to 2% of your capital on the stop loss of any setup. Thanks for reading!
NYSE:SQLong
by ThinkingAntsOk
1
Square - Elliott waves | Gann | Planetary Aspects $SQSQ has topped out on 5 AUG, perfectly closing at Gann level 284. Price has since formed a series of corrective ABC patterns and bounced off the 20 week MA on 13 SEP. Square is currently approaching Gann level 267, with the 5th wave coming to completion (green count). The blue box is also the 50-60% retracement area of Wave (a), where sellers may step in. If SQ stalls in this area, we may prepare ideas for the next short exposure to participate in wave (c). A target could then be Gann level 206. (Wave (a) encompassed 3 levels, wave (c) may encompass 4 levels to complete 7 Gann levels, the cycle number). Correlations: BTC performed a bullish reversal after completing 5 waves down. Two constellations on 22 SEP, Sun square natal Venus and trine natal Jupiter, promised an expansion of bullish volatility and we were not disappointed. However a retracement is due and that may potentially give us wave (c) in SQ. If BTC continues to rally, a drop in SQ becomes more unlikely and we may see a phase of contraction instead. As major stocks are completing a wave B, markets are likely to remain choppy and volatile before we see the next move unfold. ______________ In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand (momentum), and to use options premium decay for consistent income when markets may contract (range). Get a 14 Days Free Trial: www.constellations.trade Open an account here if you'd like to support my work: Deribit - Trade Bitcoin option premium decay strategies here: www.deribit.com Binance - 10% off trading fees with this link: accounts.binance.me STO = sell to open BTC = buy to close BTO = buy to open STC = sell to close These abbreviations in the chart are ideas provided as educational information and do not constitute financial advice. Disclaimer: The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
NYSE:SQShort
by UnknownUnicorn12250317
SQUARE Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NYSE:SQShort
by hadimozayan
2
$SQSQ reported second-quarter 2021 adjusted earnings of 66 cents per share, beating estimate by 106.3%. Further, the figure rose 266.7% year over year and 60.9% sequentially. Net revenues of $4.68 billion improved 143% from the prior-year quarter. However, the figure declined 7.4% from the previous quarter and missed estimate of $5.02 billion. Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.33 billion to net revenues in the reported quarter, up 177% year over year. Solid momentum across bitcoin was the key catalyst. Without bitcoin revenues, net revenues would amount to $1.96 billion, up 87% year over year. Strong growth in transaction, subscription and hardware revenues contributed well to the results. But there’s no question about it, SQ has incredible fundamentals. From the technical side of things SQ is still very bullish. It’s currently sitting in a nice channel on the daily and if price holds we could see a new ATH on the cards. Price above, 50, 100 and 200 MA MACD sitting above 50. Keep this on your watchlist. - Factor Four
NYSE:SQLong
by TheBlankFund
The filter for the bullish view is READY on Square inc.Today we will speak about the current situation on SQ (we made a post a few weeks ago. You can check it on related ideas) At the moment, we think the bullish scenario is the most probable one, and we are ready to define the activation levels based on the previous analysis. What were we waiting for? We were looking for a first breakout attempt on the current corrective situation. That happened, and we have a small correction on the edge of the current one. What is the activation Level? Is the green horizontal line where we think that if the price reaches it, that would confirm our bullish view. What about cancelation levels? Here you have different possibilities. If you want to trade this small correction with a risk-reward ratio probably above 6, your invalidation level will be below it. (be open to the idea that trading scenarios like this require some stop losses before catching the actual movement) If you are more conservative, you can define an invalidation level that may be below the inner ascending trendline for the current correction. If you are extremely conservative, you can define your stop loss below the full structure (186.00) That's up to you. What is the same for all the scenarios is the Activation Level. What happens if the price moves in a completely different way? Either you have a stop loss, or you never trade because the price never reached the activation level; it is that simple. That's the reason risk management IS SO IMPORTANT. You must be able to take losses without that moving your emotions everywhere. How long can It take for a movement like this? 150 - 250 days. Thanks for reading, guys!
NYSE:SQ
by ThinkingAntsOk
1
$JMIA Time to WatchJumia is an interesting stock and was a pennystock until they got new management while back. It has recovered, but now it's markcap shows it returning back into a pennystock. At current levels I see an opportunity that you may want to build a position. News -Missed on ER, but they have 600mil in cash TA -Since I been watching, Jumia has about a 7-8% downside to $17.66 which was resistance back in Aug-Nov 2020. Next point of interest is 28.07 bringing a 45% unside move. -RSI is oversold leans bullish -MACD is still bearish and leans more bearish -Below the EMAs, which is bearish but could have an upside of 7% to try and turn bullish again. -High vpvr levels at $22 area Final Thoughts Overall it's a stock I would buy on speculation, but I'm in ASTR atm so I'll be watching it closely while I look for another trade after I make my gains in ASTR. Jumia has major investors supporting it and its a bet on the African Economy, so maybe do some research on Africa of Covid19 and see how much is being impacted. For myself I don't hear anything about Africa on this matter, so its one piece of news I'm unknown on. Overall I told my friend before it crashed it would hit $50, but now with its MC below $2bil I think its a major steal with a massive upside protentional by years end and maybe the short term.
NYSE:JMIALong
by nathanielx9
SQ to Be at 360 within a few weeksAs BTCUSD run up along with the recent undertaking of the afterpay and good earning the analysis all sing buy buy and overweight. Big dogs like Cathie Wood did happen to sell some of her big shares in the stock but she still has it on her portfolio for the long term spike up to the 340 perhaps. Why I mention bitcoin as well square also dabbles in it as well so let the bulls sing more...I hope cuz my 365 Long call option would expire worthless if it doesn't do it. the stock is well overweight right now. The Daily Williams would signal that it is soon time to sell again. There may be a dip tuesday but if not get in now and ride up because macd and bollerband has extended upwards which may indicate further continuation into 300s
NYSE:SQLong
by agapetrade2018
Weekly Watchlist! 7/26 - 7/30Here is what stocks we are going to be keeping an eye on this week! NASDAQ:WDAY We are looking for a move here over $242 with target levels of $243.50, $246, and $248 NASDAQ:ATVI Like how we are holding the 200sma just under trend resistance, we are looking for a move here over $92 for a run into earnings with a target of $93, $94, and $95 NASDAQ:NVDA Looking for a break of resistance here over $197 with targets of $198, $199, and $200 NYSE:SQ Looking for another break of trend resistance here for a move over $268 with targets of $270, $272, and $276
NASDAQ:ATVILong
by ThirtyninethParallelInvestment
2
Two scenarios explained on Square INCToday we will analyze SQ. This company is the 4th biggest Holding of ARKK and is run by Jack Dorsey (Twitter funder) So what can we see here? 1) The main structure: We have a horizontal compressive channel that has been in formation since its peak on FEBRUARY 2021. This is useful because we can know if the price has made a clear breakout or not based on the reaction on these levels and daily candlesticks closing above or below. The main idea here is: If the price stays inside these levels, don't assume any breakout yet. 2) Possible Bearish Scenario: If the price reaches the highest level of the structure and reacts there, we can expect a bearish movement towards the other side of the range. (Interesting level for reversal traders) 3) Possible Bullish Scenario: When we want to develop swing setups based on new trends starting, we take some considerations before risking our money. First of all (Clear Breakout), we want to observe a new ATH (no doubt that the price broke the structure). After that, we want to observe a small consolidation, as you can see with the yellow lines. IF that happens, we can trade above that and set stop loss below the level. This provides a great confirmation and a setup with a perfect Risk-Reward Ratio of almost 1:3 to the first target. Expected time towards the final target (150 - 200 days if the scenario goes as expected) As you can see, we don't care at all about the direction of the market. Taking rigid views with any asset is not a good idea because it doesn't allow you to adapt to changing conditions. That's the reason we work with "Scenarios." Based on this, the only situation we are interested in is the bullish one (Swing Setup); otherwise, we will stay on the sidelines. Thanks for reading! Feel free to show your view in the comments.
NYSE:SQ
by ThinkingAntsOk
2
Square: Next Long & Short OpportunityHi traders! Square has completed a 5-ways impulse move up, and we have shorted it at the end of wave 5 to capture a potential breakdown in case the Nasdaq falls. If that does not happen, we will take profit and invert the position into a long. The green box is our long entry (LE) where price may reverse with high probability, however the other fib levels are also possible. A move above the green "Bullish confirmation" line will confirm our bias and we can start adding to our position. Levels We find the strongest volume support at the .382 fib. Averages The 200 MA also heads towards the $220 area, a MA that has been respected well before. Waves Look for a completion of the ABC correction with a wave C that consists of 5 smaller subwaves. Invalidation If price keeps dropping without any sign of reversal, we let our short run and take profit towards the double bottom, or speculate on a total breakdown below the red line for the most bearish scenario. Happy trading!
NYSE:SQLong
by UnknownUnicorn12250317
1
Square bouncing from a Major Support ZoneToday, we will share our perspective on Square INC. -The main thing we can notice is that the price has been ranging since December 2020. So, we will be working inside that range -The Range is made by a solid support zone at 190 - 198. We have been observing several bounces from there, and in the current situation, it happened again. -Another relevant item to notice is that the descending trendline has been broken, and we can see the price right at the edge of it. -Based on that, we have defined a yellow horizontal line as an activation level for our bullish view. If the price reaches it, we expect a bullish movement towards the next resistance zone at 245 -The invalidation level for this view is below the current flag pattern. Thanks for reading!
NYSE:SQLong
by ThinkingAntsOk