SQ Buy SetupAfter shorting SQ last week I am changing my tune and I'm looking for buy setups. I used the fibonnaci here to try and locate where SQ may head towards if $214 breaks and we head towards a new all time high. Price action is currently approaching the 50EMA which is right below a key level. I am looking to enter around this key level at $199.60.
Patience. Price action isn't there yet but the risk to reward is pretty solid here. Especially if we reach my predicted 2nd price target. Let me know what you all think !
*Charts posted for educational purposes only.