Counting DownNot sure but does look like a bit arc-ish on weekly time frame.
Most ARCs fall between the 62 and 79% mark. Only problem is you can not usually nail it pre-landing.
I have noted ARCs will often take a breather at the 50% mark and some form a double bottom at the 1 fib level and proceed upward. Some fall to the 0 and can proceed even deeper than the original get go point.
I love this stock but sold it what seems as eons ago. But I will buy it back when the "price is right" I held this for 3 years or more, I think which is a long time for me.
Maybe "people stay just a little bit longer" than we should sometimes (o: Bad thing about getting attached. We can not do that if we are trading verses investing, and there is a difference.
This is between the 79% (.786) and the 62 (.618) levels so my eyes are peeled and this is the average range for an arc to fall. But Parabolic Arcs are volatile for some time to come after hitting their landing pad.
Looks Arcish to me but we see things differently and I did not measure.
No recommendation
79% is 85.33 and 62% is 125.71. You be the judge but these levels are only the "average" fall of a parabolic arc.
RSI and CFI re mind me there is a a lot of supply down here )o: we gotta wait on folks to sell...close to the last one, so buyers are the only folks left.
Weekly Time Frame/Heiken Ashi candles
SQ trade ideas
SQ bottomed? Must hold Golden fib of Genesis Sequence at $110Shown here is a 4 hour chart of Square's Genesis Sequence.
This fib series has caught every major turn including the TOP.
It has since tumbled down the staircase with Pings at each fib.
Bounce off blue fib at 101 then break of Golden fib is a GREAT sign.
Bulls must hold $110.12 at all costs, to have hopes of recovery soon.
If this is NOT the bottom, then this asset is in some SERIOUS trouble.
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Here is a full view of its Genesis Sequence for reference
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions <= Current Example
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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SQ Looking for Buy opportunities on this. SQ is forming a triple bottom on the level on the daily , having reacted to previous resistance turn support.
would look for buy trades on this. starter position alrdy in .
SQ Interesting zone Looking at the 50´s for a buy
If the currently support holds, I´m expecting a little bounce to the 140´s
Square/Block Analysis 05.02.2022Hello 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.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
Sq I went long at 100.78-101.40 for a long swing trade. Tripple bottom potential support. Looking to pop 108. Of w can clear 107 we can contiue this to the upside. Next reisatnc 114. Key reisatnc 129
I am long SQ. Looking For further move up if we clear and reclaim 108
SQ Block Inc: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Block, Inc. (SQ).
The chart is self-explanatory. The price is in a descending broadening wedge and making an attempt to break out of the wedge. If price gets rejected it could fall into the Support Areas. RSI is at the S/R line and has potential to bounce off of it. If RSI breaks down, expect the price to continue falling down. Price is below the EMA Ribbons and SMA (50 and 200).
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Descending Broadening Wedge, Fibonacci Retracement, Death Cross, Simple Moving Average, Exponential Moving Average, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Square or Block, who cares? We are going higher. Hi everyone,
As a proud bagholder, I present to you the NYSE:SQ chart.
Slaughtered as all growth stocks, the price finally bounced this week for +15% gain for now.
That's nothing compared to meteoric dump of the last few months.
The chart.
Last 2 year POC is at 230 .
All-time POC is at 60 .
Square has been investing into growth for many years now, I think real value of the stock is nowhere near 60. Thus, I doubt we return to that range.
The 100-150 price zone is a wild west, with swift moves and low volume.
We should slice through it on the upside.
Next significant supply zone is 151 .
Further up: 170, 191, 222-230 .
RSI is still oversold on a weekly. I would say it is not too late to buy.
Full disclosure : I am long Square since Jun 2020. I bought more shares yesterday.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
Long As long as we cantechnical : liquidity has been grabbed and imbalance got filled , if we break above this year vwap we might see more bulls enter the market
fundamental : Cash App announced it’s integrated with the Lightning Network, allowing its U.S. users to send bitcoin for free to anyone worldwide.
note : last time fed said something good about interest rates , this stock had 500% increase in price .
SQ trade idea SQ bounced off long term support for a nice double bottom in the low 100s, and today had a huge bounce up to 120. To me this still has room to go up, 128.50-129.50 area minimum around 382 retrace, and possibly as high as 133-136 area which is around 21sma and 50% retracement. Plus we have MACD and RSI now curling up here on the daily. I have been scaling in longs here on SQ and will continue to hold until that 133-136 zone with SL below 100
Sq TRADE idea Entry 117.04. Stoplos 115.15
Take profit. Early exit 122
Half trade off 129.75
Move stoploss 119
Exit remaining trade 149.70
SqAttempting a W breakout. I put a swing long at 114.78. Expecting stronf resittnce at previous high of 120.82. If we can clear and reclaim support. W breakdown could lead us to 130 resiatnce zone
Daily macd buy signal coming in
Descending traingle target 150
W breakour tarhet 137
Ichumchi daily resiatnce 130
Descending support backtest 113.15
Paypal vs BlockPYPL and SQ are among the biggest fintech companies!
PYPL P/E: 38
SQ P/E: 109
I think both have the potential to have a P/E ratio below 20..!
If you are looking at price volume it clearly shows in 2021 they had experienced a huge decline of 16% and 46% which means lower ambition to invest in these companies in comparison to 2020!
Soon they will be double digits!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
How to Day Trade, Live Trading on SQ Looking at support and trendlines real time can have a big positive impact on live trading success.
Here, I live traded SQ and explained how.
$SQ Trade update $SQ Trade update
Averaged down today here.
New average 125.88
New sell target 156.11 for 24%
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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. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
(\_/)
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Block Inc. Is Probably OversoldYou can now purchase shares of Square / Block, the high growth fintech company, for what it was trading at back in fall of 2018. This parabolic selloff in ostensibly a quality growth name constitutes a buying opportunity for long term investors, and should be a solid place to begin DCA'ing or selling puts (which would be a great idea with the recent volatility!).
I'd recommend the April 75's. They pay 7.4% and give you a further 30% discount to the current price.
Cheers!
SQ Short 4 phase cycleMark Minervini´s 4 stage cycle thesis (Stock Price Maturation Cycle). Book: "How to trade like a stock market wizard" - Mike Minervini.
First time publishing any ideas so any correction is always welcome:)
Stage 1 - Base/ Accumulation
Stage 2 - Advancing Phase Price > MA150 y MA200
Stage 3: Top Area (Distribution)
Stage 4: Declining Phase (Capitulation) Price < MA150 y MA200
Block (SQ) Hi all,
SQ has been beaten down to hell over the past 3 months. This is my analysis on SQ, just my opinion Not Financial advice.
Notes:
1) As soon as it broke the ascending line of support from Sept '20 it got a rejection when it tried to retest it
2) The 0.618 Fib level offered as support twice but since SQ broke the support it will be a significant resistance moving forward
3) The RSI has been the lowest in the past 12 months
4) Funcademtals of Block are looking too good. After Jack Dorsey quit Twitter to work on SQ, rebranding itself to SQ are all great moves on a macro level
SQ possible scalp long entry Possible long entry on SQ if it can build more pressure, will update shortly if i take entry, trying to post possible trades a head of time if possible
Block/Square needs consolidate in the bullish pattern Block needs to consolidate in the bullish pattern in 'a' wave of the 2nd wave.
crab harmonic pattern:
X=$426
AB=0.61 XA
BC=0.38 AB
0.78 BC=$81
0.88 BC=$90
0.78 XA=$183
1.6 BC=$209
0.88 XA=$271
2 BC=$322
2.24 BC=$424
2.6 BC=$654
1.13 XA=$712
1.27 XA=$1248
3.6 BC=$2051
1.41 XA=2153
4.23 BC=$4157
1.6 XA=$4898
SQ at critical key levelCritical level for SQ to hold here at the intersection of higher and medium time frame pitchforks with the golden pocket and 2019 AVWAP
SQ a buy at $130?SQ a buy at $130 or coming down to $120? Selling volume picking up but $130 holding for now.
