6R on shorting SQ on a 5 min bar opening rangemany stocks that had a prior days inside bar traded lower, SQ was one of the low risk trades.
Now at 6 times initial risk and trending even lower...
SQU trade ideas
$AAPL $SQ $TSLA $BABA I OptionsSwing WatchlistAAPL 1D I Watching AAPL for a breakout from this downtrend on the hourly. Expecting a breakout and run up into earnings days before reporting on 10/28.
SQ 4H I Possible bullflag on SQ expecting a bounce above $230 to possibly test $250+. Last Friday bullish activity on SQ $245c 10/08 @ $2.87 was picked up.
TSLA 4H I Watching TSLA for a break above $800 or a bounce above $760. Tesla delivery numbers that came in last week were higher than expected.
BABA 1D I BABA is down 50% from ATH levels reached back on 2020. We have a bullish divergence on the RSI, and will most likely see an ER run up from here.
SQ going for the gap fillSQ is my only priority going forward next week. SQ with an inside day currently sitting on long term support. There is also tailwinds coming from crypto with the start of a new uptrend in BTC. On the 1H we have an inverse H & S with a clear downtrending neckline. Target is the gap fill at $258. I also think SQ is a swing play. Price has consolidated in a downtrending channel right below ATH. As for the overall tech market I think we will bounce from here as well. QQQ bounced hard on Friday (hammer candle stick) from a major pivot line going back from February.
SQreally interesting what will SQ do in the following weeks. will it test the resistence below the SMA or begin a new launch
Square, 30 SEP - Elliott waves | Gann | Astrology $SQSQ was rejected precisely at Gann level 267 and dropped towards Gann level 235, giving us a nice profit.
We can count 5 waves down (green count) and, if correct, may expect a retracement, especially if Bitcoin continues to climb.
An idea could be to reduce short exposure on Gann level 235 in case Bitcoin pushes higher and SQ correlates.
The 50-60% retracement area (blue box) is a zone where sellers could step back in.
Should price drop further from here we may look at the next Gann levels for potential supports:
- 220, also (a)=(c) equality
- 206
- 192/195, also 1.618 extension of wave (a)
The 30-day Implied Volatility has risen to 42, reflecting the strong expansion of movement that is unfolding. Rising yield helps traditional banks but fintechs may run into difficulties to re-finance themselves and therefore often rather correlate with other yield-sensitive tech stocks.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
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.
New Pyramid on SQlike Square long term, here is my plan to pyramid into shares. I will buy in 4 tranches and then have a pre-defined level where I will buy protective puts. Max loss is about $11/share average after all 4 levels are filled -- before it hits the insurance level.
SQ longSQ right at the trend line since March lows—let’s see how tomorrow plays out but I think the trend holds. While RSI is still trending down, Williams %R is indicating oversold and MFI has already moved off of the oversold territory.
SQ just hit 50% fib level.Another popular twitter stock. just hit an area where sometimes we see new moves come out of.
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If you look at the volume bars where it broke the double top's previous high, you can see it was way higher than typical. This could actually be a sign of exhaustion. Actually I am a little conflicted on this stock now. Probably just wouldn't trade it.
Analysis of the current situation on SQToday, we will take a look at Square INC.
a) The price has been inside a corrective formation since February 2021
b) On August 2021, we saw the first attempt of a breakout, and since that movement, the price was not able to make a new ATH
c) Currently, we can see an ABC pattern on the edge of the previously broken structure
d) What to expect from here? -If the price makes a new ATH, we will confirm the bullish movement towards the targets drawn in the chart. Please pay attention to the cloned channel as a possible reaction level.
e) Let's assume the price is not able to make a new ATH, then the answer is pretty simple, "THERE IS NOT AN ACTIVATION LEVEL" (sorry for shouting). This is important to explain because inaction is a position itself. If the pride doesn't follow what you planned, you stay away from the market.
f) Invalidation levels ALWAYS below C (of the minor correction)
g) A movement like this can take between 150 to 200 days to be completed (if everything goes as planned, of course)
h) Remember: NEVER risk more than 1 to 2% of your capital on the stop loss of any setup.
Thanks for reading!
SQ stock, buy zone 276.10 (+-5%), chart partten double bottonSquare is a digital payment and cryptocurrency leader. Recently, Square disclosed a new $170 million investment in Bitcoin on top of its $50 million purchase in October. Bitcoin represents 5% of total company assets.
SQ stock recommends a buy price of 276.10 a 35-day dobule botton pattern.
Composite rating reached 96 points, EPS rating reached 99 points
Found support at the 10-week MA; currently the 5-day MA is crossing to the 20-day MA identifying an uptrend.
$SQ Double Bottom Setup$SQ working on a double bottom setup with $276.14 traditional pivot. This is coming after a 50% recent rally.
2 Things I would like to see happen:
* tighten a bit more under that level and give us some type of a pivot to manage risk against
* need to see some type of accumulation coming in in the form of pocket pivots
SQ moving higher?SQ
Falling wedge approaching a breakout
$265 looks like a good entry point.
We need SPY/NQ to have a bullish day imo for this setup to work.
Square - Elliott waves | Gann | Planetary Aspects $SQSQ has topped out on 5 AUG, perfectly closing at Gann level 284. Price has since formed a series of corrective ABC patterns and bounced off the 20 week MA on 13 SEP.
Square is currently approaching Gann level 267, with the 5th wave coming to completion (green count). The blue box is also the 50-60% retracement area of Wave (a), where sellers may step in.
If SQ stalls in this area, we may prepare ideas for the next short exposure to participate in wave (c). A target could then be Gann level 206. (Wave (a) encompassed 3 levels, wave (c) may encompass 4 levels to complete 7 Gann levels, the cycle number).
Correlations: BTC performed a bullish reversal after completing 5 waves down. Two constellations on 22 SEP, Sun square natal Venus and trine natal Jupiter, promised an expansion of bullish volatility and we were not disappointed. However a retracement is due and that may potentially give us wave (c) in SQ.
If BTC continues to rally, a drop in SQ becomes more unlikely and we may see a phase of contraction instead.
As major stocks are completing a wave B, markets are likely to remain choppy and volatile before we see the next move unfold.
______________
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 (momentum), and to use options premium decay for consistent income when markets may contract (range).
Get a 14 Days Free Trial: www.constellations.trade
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STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
These abbreviations in the chart are ideas provided as educational information and do not constitute financial advice.
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.
Square, Inc. (SQ)Hey Guys , what do you think about Square heading into ?
from my perspective , im seeing an inverse H&S chart pattern is forming ,
if i add an extra confluence by using fibonacci swing low to swing high , price happened to reject to the 50% fib area,
another confluence that i added is by using 200 Moving Average on the daily timeframe ,
and price did touch to the 200ma and fail to break to the downside ,
let's keep watching if price does create a perfect inverse head n shoulder and break the resistance above, then we can see price continue to the upside .
let me know what you think !
( becareful to buy calls in this bearish month with Evergrande news and FED Meeting )
Do your own analysis .
Square Ponzied - Double ToppedThe fintech circus. *valuation matters #holdforbroke #simpcoin #storytellers
#defidisaster
#CBDCs win.
Bitcoin "NOT NEEDED"
Watching SQ Closely hereLooking for SQ to find some support here, sitting right on the 100day EMA, buyers starting to step in, and a little bull flag forming at the end of the parallel channel its been holding - Just some FIB levels & RSI-based supply and demand zones to keep an eye on
Bullish- Triangle breakoutPersonally am bullish on SQ here- will be watching closely for a breakout
- Sitting right on its 200day EMA
- Nearing the oversold range on the 4-hour time frame
- Falling wedge on the 1-hour timeframe and oversold on the RSI (See Chart Below)
Should pop with buyer volume, (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones - Bullish and will be looking for a breakout from this triangle
PT1- $255.37
PT2- $267.18
PT3- $271.76+
SQ SQ SQBroke trend line! It bounced off weekly support and this bullish flag. Retests slightly today, now ready to pop! It is a longer swing for me!
Next resistance 255.5, 271.6, and 290.
SQUARE Daily TimeframeSNIPER STRATEGY
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$sq showing relative strength todaySQ looking like it wants to at least put in a 3 wave move to the upside. Right now it is sitting above 30 week MA and AVWAP support.
Looks like it put in an ABC correction already, and either is going to launch on wave 3, or is looking to put in a 3 wave move to the upside, before more downside occurs. Either scenario and I think SQ is going to be back in the mid 260's soon
NOTE: the extreme bull case is depicted with arrows, that is assuming bottoms in.
How to trade this: dips are a buy, with stop loss on a break of the 30ma / avwap support. I would consider taking most $ off the table after a clear 3 waves are seen to the upside (relatively good chance we see just and abc move to the upside here to put in an X, before we flush for a Y)
$SQ ATH Retest?Buying at support level with a great 4.55 risk-reward, small volume gap also matches the resistance we are playing.
If it breaks the stop loss there's another opportunity at a greater support level, also with a great 6.74 risk-reward
