SQUARE is retesting the Inverse H&S before heading 80% higher! NYSE:SQ SQUARE (BLOCK) is retesting the Inverse H&S before heading 80% higher!
The trading gods have blessed us with a pullback to around $90ish, as requested. This is the retest of the Inverse H&S pattern.
-H5_L indicator is GREEN
-Already broken out of falling wedge.
-Launched off Volume Shelf and filling the GAP.
-Fintech is starting to run
-Stage 2 is just starting!
Buying more here!
🎯$110
🎯$149
🎯$162
NFA
Squarelong
Square/Block Analysis 25.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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SQ: Sell Zone is 170 -176SQ is forming a leading diagonal off the lows. The bottom is in for the near term, and price should head up to the sell zone at the 170-176 region. After that, price will pull back for 4-8 weeks to about the 110-120 level before beginning the big move up during W-3. Since W-3 topped at the 1.0 extension, I am targeting the 1.382 extension for W-5.