SQ3 trade ideas
SQWill the ema 500 hold or not, you can try with a short stop, considering that this was a big complex correction and here is the bottom.
If there is a negative option with leaving below, if there was a 5th wave, similar in HON, but there was an obvious last fifth
$SQ - Weekly double bottom ? at key level look for rip or dip$SQ - Weekly double bottom ? at key level look for rip or dip
- Weekly demand zone
- Trend line support level
- 100ema weekly
SQ LONG DCALooking a great level for SQ - green rsi/market cipher looks good/red money flow + positive divergences.
** NOT TRADING OR FINANCIAL ADVICE **
SQ Analysis - 50MA CatchTrendlines down can be directly seen to be acting parallel to each other
With price being above each of the down trend on each
It looks like the 50MA will be the savior for price very soon
Trending downward -> Soon to be bullish
Inside the current correction on SQToday, we will take a look at Square INC.
The main context for the price is the previous corrective structure (white lines). In August, the price apparently made a breakout which then got back into the structure once again, creating a secondary structure (yellow lines)
We always work with the idea that the price moves between zones of the same degree, so, in this case, we expect the price to reach the lower zone of the current structure (support level)
IF that happens, we want to observe a breakout of the inner trendline (white line inside the yellow structure). IF that happens, we will wait for a small retest, and then we expect a bullish movement towards the higher zone of the current correction (shared area between the primary and secondary corrective patterns.)
The filters we are using to validate our view are:
a) Contact with the support level
b) Breakout of the inner descending trendline
c) retest
IF all the previous items are true, then:
d) Wait for a bullish impulse towards the higher zone of the correction if we observe a clear breakout of the small retest we are looking for.
Thanks for reading! Feel free to add your view/chart or any comment about this. ;)
Bull run is overThis has completed its 5 Waves making the ATH and we will count that as overall completion of WAVE 1 on the large time frame(Weekly). Now its time for Wave 2 to unfold, i till take a lot of time to stay in correction and the stock will trade below $100 in 6 months or so.
$SQ | WEEKLY WATCHLIST 11/29Good start on this bounce. We want to see bullish continuation to confirm my thesis! Think long-term with this one...
SQ Golden PocketSQ looks like a decent set up heading into the week, especially for what looks like a resurgence of the 'stay at home' stocks, which all inversed Friday's sell off. Something to watch this week. I like it to make a move back towards $230. Trade is invalidated on a daily close below $205.50
SQ - INSIDE DAY BREAKOUTSQ had an inside day on the markets ugliest black friday. If it can break above $215.65 it can run to support of $225 and begin an uptrend. Above $215.65 i will be taking 225C 2-4 weeks out.
$SQ - Inside day Trade idea in text and rambleNOTE: NOT FINANCIAL ADVICE
SQ - one of my favs. I expect an inside day breakout to the upside here - so I favor that and calls with this one. But lets talk about this real fast.
I put on my last update broken under 222 and look what happened - BIG FLUSH right to my 205 zone. I said that 205 range was GIFT dip buy and that may have marked bottom. Crazy how these levels work....
Alright enough of the gloating crap.. Lets get to business on this trade
SQ - Over 218 I like 225 as a target within that week
Below 205 and 200 comes quick - maybe even 195
SQ LongBetting on SQ in the 250-270 range by end of December. Volume and price action is similar to it's previous ranging. After price action on 11/23 and 11/24 and historic price action, SQ seems very bullish moving into December.
$SQ support. Possible push to the upsideWith all the recent activity of celebrities and others accepting their salaries in the form of Bitcoin via CashApp, I thought it would be worth the time to examine the parent company which is $SQ. Here we clearly have had a very nice ABC correction with a nice move up from there. It appears as if we could be finding a level of support around $204.98. I would like to see a positive move up from here with a trigger of the moving averages. If we get that, I'll be looking for some very decent gains coming from this powerhouse. If not, we will re-examine for the next area of support. For now, the support looks to be holding.
SQ short idea $220pI've got $220 puts for $SQ expiring in 3 weeks, I think $SQ could break here. Once it breaks $225. So far the $227.4 level is being defended with some volume but seems weak here. I think $220 can trade and even continue to fall into that tiny gap around $160 in a few more weeks. Time will tell. Size accordingly. A bear put spread play is also not a bad idea selling the $215p and buying $220 puts to lower risk.
SQ LongTrendline break + retest
11/4 16:00 ET earning
Entry 247
Stop 242
Target 270
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Square, 22 Nov. Levels to WatchSQ declines further in a wave (v) with decreasing volume, so that we can look at two specific levels if bulls step back in.
Elliott:
We can count a wave (v) in blue. In the most optimistic long-term EW count, the end of this wave could potentially complete the entire ABC correction since 5 August. The idea is to build long exposure, just in case this EW count is correct.
Geometry:
The .65 fib is marked with the blue box. The 1.618 extension of wave (i) is located here, as well as the 222 Gann level. The pitchfork support is located lower towards 210.
Gann:
Support: 222 and 193
Resistance: 253
How I trade it:
A move above the pitchfork median at 234 would indicate that bulls try to be back in control. An entry above the pitchfork median keeps a potential re-accumulation chop below us, and we protect ourselves from a premature entry that could go wrong.
SQ (Bearish)From this chart a falling flag is clearly being portrayed. With highest resistance being $289 and SQ trading right at support, a break of that support can lead it to fall down to another stronger support level it has retained ( blue horizontal line ) . Looks ready fall and rsi is low too. If it doesn’t, will most likely trade within the flag, but a move downwards at around $190 might be coming.
$SQ - Inverse cup & handle ? watch for puts below 223$SQ - looks like Inverse cup & handle formed, also weekly loosing 50ema, I am watching for puts below 223
SQ looks to go Pypl route🐻1.Broke primary trendline
2. 200sma an 50sma Near deathcross on daily
3. No significant support till 191 fibonacci
If we fall through 191 That would be a huge double to that could take us to 130. I know 130 seems extreme but if I'd told you Pypl would be 190 2months ago would you have believed me? lots of selling going on with the big payment stocks
Mastercard
Visa
Pypl
SQ
Head and Shoulders at the Midway point of Trading RangeOn the weekly we are currently closing below the 55 week moving average and potentially double topping while on the daily we are trading within a range potentially creating a Head and Shoulders pattern that if broken would likely take us to the bottom of the range.
If after making it to the bottom of the range we break through, we can then begin to target the much bigger target of the weekly double top that can take us down to $120 or even lower but to be conservative lets say $120.
I believe that payment processors are in a position of weakness and that we will see many pullback over the coming months.
For more on this you can view my idea on Visa in the related ideas section.
SQ might reverseSQ has fallen to a to a support a level and looks to reverse. It is currently in a squeeze and may be looking for a big move soon.
Breakout: $240
Price Target: $253
Price Target $260
Stay on the look out for a potential double bottom
