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SQ2 trade ideas

$SQ wave theory updateBeen awhile since I got a chart out on SQ, so here it is. I believe that we are still looking for wave 2 bottom, and we are in a flat corrective structure. This means that our wave 2 bottom should be somewhere around where a bottomed. From there I see us having a wave 3 PT of 265+. I will be watching for the dip and looking for bullish divergence and algo buying to determine my entry. Note: the bearish divergences on rsi and macd (as well as bearish cross). Other possibilities: 2 has already bottomed and we go moon mode now. Also possible that we are still in the primary 2 correction, if so then we could see 215 area as our low. I don't like either one of these as much, but am mindful of the alternatives.
NYSE:SQLong
by btwice53190
Square, 11 OCT - Elliott waves | Gann | Astrology $SQDespite Bitcoin strength and an Analyst upgrade, Square stalled and got rejected precisely at 251 Gann level, slightly above the 50-60% retracement zone. Our idea then was to build short exposure, as we can count a complete wave (b), expecting further downside. Price is back at the volume node low today. Should price turn and make a higher high, the count needs to be adjusted because we then have 5 waves up (green count) and can expect the entire correction to be complete. Correlations: Bitcoin appears to have completed its bullish wave but is struggling to correct. Buying pressure is still strong, but volume hints at retail/FOMO buying. QQQ closed weak on FRI and a follow-through on MON would be the usual procedure. 12 OCT venus conjuncts natal Saturn, potentially a bearish aspect. ______________ www.constellations.trade 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, and to use options premium decay for consistent income when markets may contract and range. BTO = buy to open STC = sell to close STO = sell to open BTC = buy to close TD = Theta Decay (for example a strangle or iron condor) These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice. If you'd like to support my work, you can open accounts here & get discounts: TastyTrade start.tastyworks.com Deribit www.deribit.com Binance accounts.binance.me 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
$SQ - not looking too great, yet, but soon BTDSquare, not looking too hot after Friday's sell off, but lets discuss what we are seeing. So anyone who follows my postings knows we took a trade on square during the initial zig zag down and caught fire on the bounce back into the 260+ range. Unfortunately we flushed into a complex correction, but was able to grab profits on the run up to have a free position. So it still worked out. But now where is it going?\ Well the bulls have this last zig zag completing wave 2 down, but that doesn't look likely. At this point, due to Fridays action, it appears we are in a nested WXY within wave Y of this wave 2 correction. WHAT??? What does that mean? That means that we likely are going to see 1 more zig zag down ( we are in wave A of it now) that is likely taking square down to 216 or so a share. From there we will find wave 2 bottom and then there should be fireworks for sq hitting a primary wave 3. IMO this will be a BTD if we flush down to the 220 range again
NYSE:SQ
by btwice53190
WATCHING $SQ for 192- Analysis & Key levels WATCHING $SQ for 192- Analysis & Key levels There is lots of bearishness happening in this chart on a larger scale. SQ was rejected at the resistance at 290 and has travelled back down toward the 50MA… and even though it did bounce off of it, I believe there are enough bearish technicals to bring this under and toward correction territory. The Weekly MacD is still positive, but falling. A break below the centerline would be a signal of a much larger corrective move. Currently no position, but watching for entry. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. My average is in Grey Red = Resistance Green = Support Blue = trendlines If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!!
NYSE:SQShort
by SPYder_QQQueen_Trading
3
$AAPL $SQ $TSLA $BABA I OptionsSwing WatchlistAAPL 1D I Watching AAPL for a breakout from this downtrend on the hourly. Expecting a breakout and run up into earnings days before reporting on 10/28. SQ 4H I Possible bullflag on SQ expecting a bounce above $230 to possibly test $250+. Last Friday bullish activity on SQ $245c 10/08 @ $2.87 was picked up. TSLA 4H I Watching TSLA for a break above $800 or a bounce above $760. Tesla delivery numbers that came in last week were higher than expected. BABA 1D I BABA is down 50% from ATH levels reached back on 2020. We have a bullish divergence on the RSI, and will most likely see an ER run up from here.
NYSE:SQLong
by optionsswing
SQ going for the gap fillSQ is my only priority going forward next week. SQ with an inside day currently sitting on long term support. There is also tailwinds coming from crypto with the start of a new uptrend in BTC. On the 1H we have an inverse H & S with a clear downtrending neckline. Target is the gap fill at $258. I also think SQ is a swing play. Price has consolidated in a downtrending channel right below ATH. As for the overall tech market I think we will bounce from here as well. QQQ bounced hard on Friday (hammer candle stick) from a major pivot line going back from February.
NYSE:SQLong
by bkim91791
2
Square, 30 SEP - Elliott waves | Gann | Astrology $SQSQ was rejected precisely at Gann level 267 and dropped towards Gann level 235, giving us a nice profit. We can count 5 waves down (green count) and, if correct, may expect a retracement, especially if Bitcoin continues to climb. An idea could be to reduce short exposure on Gann level 235 in case Bitcoin pushes higher and SQ correlates. The 50-60% retracement area (blue box) is a zone where sellers could step back in. Should price drop further from here we may look at the next Gann levels for potential supports: - 220, also (a)=(c) equality - 206 - 192/195, also 1.618 extension of wave (a) The 30-day Implied Volatility has risen to 42, reflecting the strong expansion of movement that is unfolding. Rising yield helps traditional banks but fintechs may run into difficulties to re-finance themselves and therefore often rather correlate with other yield-sensitive tech stocks. ______________ www.constellations.trade 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, and to use options premium decay for consistent income when markets may contract and range. Open an account here if you'd like to support my work: TastyTrade America's best Options, Futures and Crypto broker start.tastyworks.com Deribit The world's most liquid Bitcoin options platform www.deribit.com Binance 10% off trading fees with this link: accounts.binance.me These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice: STO = sell to open BTC = buy to close BTO = buy to open STC = sell to close TD = Theta Decay (for example a strangle or iron condor) 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:SQ
by UnknownUnicorn12250317