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SQ3 trade ideas

Square stock is trading inside the box. SQ analysisHi everyone, Today we are taking a look at NYSE:SQ perfomance. As always, I've put the stock inside my boxes. NYSE:SQ has been trading with high volatility inside 190-280 range for almost a year now. Key demand areas: 191-197 222-230 Key supply area: 281-288 My outlook: To go for ATH we have to break 290 and consolidate above. To start a position look for the entry inside the demand zones. I think the company has a great long-term potential in fintech space with crypto adoption, so I am long . Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NYSE:SQLong
by AyBe_Invest
Falling Wedge- Bullish - UpdateSQ frankly looking very Bullish here Going into Earnings. Bullish and looking for a breakout- Just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones See Previous charts & weekly chart below Weekly Timeframe- - Ascending triangle forming on the weekly (See Chart Below) - Bollinger Bands squeezing - Slight hidden bullish divergence Daily TimeFrame - EMA's starting to curl upwards - Falling wedge - Sitting right on its 50 day Moving Average (Not Pictured) PT1- $261.28 PT2- $267.18 PT3- $271.76 PT4- $272.33 Previous Charts-
NYSE:SQLong
by jacobosiason7
1
Can we expect a new bullish impulse on SQ? Today we will take a look at Square Inc. Jack Dorsey's company. In case you don't know who Jack Dorsey is, he is the founder of Twitter inc. In case you don't know what Twitter is... (I'm just joking) Let's go back to Technical Analysis: I can see two clear structures here: *The previous impulse (which is a sequence of higher highs and higher lows) + The current major correction is a sequence of movements inside a constrained range. Ok, what is so special about that? Using Elliott Wave Theory, we can see the relationships between these two movements; one is a correction of the other one. And what Elliott concluded is that the next bullish impulse (IF it comes) will have kind of a relationship in terms of proportions with the previous impulse. That's why we use Fibonacci Extensions to define targets. Key Take away of this bullet point: The targets for a possible bullish movement are: 350 / 400 / 440 * Now let's take a look into the current major correction: After 170 days below the previous high, we saw the breakout in August, after that the price has been correcting on edge (which is pretty standard, after the breakout of structures of this size) This minor correction has been on its range for almost 80 days. * Conclusions: IF (capital letters, conditional sentence) the price makes a new ATH, we will consider that as an activation level for the bullish view. Targets are the levels we mentioned before. Invalidation level will be below the minor correction at 218.00/ IF not the analysis is not valid (that simple) *The expected duration for a movement like this can go between 100 to 150 days Thanks for reading guys! Remember to add any ideas or thoughts to the comment. Protect your capital!!!
NYSE:SQLong
by ThinkingAntsOk
8
Square Analysis 21.10.2021Hello 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. If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button. Thank you for watching and I will see you tomorrow!
NYSE:SQ
by basictradingtv
4
$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