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S2QU34 trade ideas

SQ - fib fractalHello, I see a similar “lobbing over” fractal on a smaller time frame in our recent history. In the previous example, we took a small bounce off of the .50 Fib level, before continuing on down to the .618. In this current situation, we have also picked up some support on the .50 fib retracement level. I am interested to see if history will repeat itself with a move down to the 120’s? For reference, I took the bars pattern from before, and stretched it out to fit the current. It fits the S&R vectors fairly well as well. Good Luck, Godspeed, Love & Light!
NYSE:SQ
by DHLawrence
1
Falling Wedge- Bullish - UpdateJust posting a quick update on SQ here as it has gotten beaten down badly amidst all of the intraday volatility. However, respected support nicely and is holding quite a large falling wedge. Bullish and will be watching closely for a breakout from this wedge as buyers start to step in (broader market conditions permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Previous charts are attached in the description below - Bollinger Bands Squeezing on the hourly timeframe (See Attached Chart Below) - Slight bullish hidden divergence on the RSI on the hourly timeframe (See Attached Chart Below) - MACD Cross on the Hourly Timeframe (See Attached Chart Below) - Falling wedge on the daily timeframe - Sitting right above the VWAP - Bullish Hidden Divergence on the RSI on the Daily Timeframe as well PT1- $168.13 PT2- $171.21 PT3- $172.24 PT4- $175.51 + --Hourly Timeframe-- --Previously Charted--
NYSE:SQLong
by jacobosiason7
2
SQ Double Bottom + DivergencePreviously, I outlined two possible trades on SQ. Short below 170 to the gap fill or buy the double bottom. If you took the short, you would have made it halfway to your target (the top of the gap fill). After the recent candles, Ive spotted a potential bullish divergence outlined on the chart. That combined with the hammer candle at support leads me to believe that a reversal could be in play. A fair target on the long side would be about 195. I would look for SQ to close above the 5ema. Stop out below the hammer candles low. Please be aware that reversals are hard to time. The trend is still down so this is a counter trend play.
NYSE:SQLong
by Decam9
48
SQ Possible Double bottom?Square is trading in a very strong downtrend. It is under many of the moving averages and is down nearly 40% from the highs. After SQ's recent move to 170, it bounced and made a lower high at 195. We are now testing that 170 area again. I believe the current chart sets up two possibilities. We could either double bottom or continue lower. On a break below the 170 low, SQ could target the gap fill down to 160ish. It is also possible to short the neckline near 185ish for a better short entry. If SQ is going to double bottom, a break above 195 would confirm the bullish move and likely send shares to 200-210. A long at current levels provides the best risk-reward ratio. Given the current momentum, I am short biased under 195 (until we see a higher high/low scenario).
NYSE:SQ
by Decam9