Block, Inc.Long
SQ showing Three White Soldiers reversal?
It appears SQ has broken out of its macro symmetrical triangle.
I am looking at what I believe to be a three white soldiers candle pattern on the daily chart, signaling a reversal. Of course a correction is due after it's multi day run. I'm looking at the 72 dollar range which would line up with my 8 EMA in green. Most other EMAs look bullish as well on the daily, still waiting for the 100 and 200 EMAs to turn up. Also, with the RSI being in overbought territory, I would like to see SQ retest previous resistance for support and hold, we did open and close above that resistance on 1/29/2020. I would not be surprised if we hit a new ATH at 125ish
I am looking at what I believe to be a three white soldiers candle pattern on the daily chart, signaling a reversal. Of course a correction is due after it's multi day run. I'm looking at the 72 dollar range which would line up with my 8 EMA in green. Most other EMAs look bullish as well on the daily, still waiting for the 100 and 200 EMAs to turn up. Also, with the RSI being in overbought territory, I would like to see SQ retest previous resistance for support and hold, we did open and close above that resistance on 1/29/2020. I would not be surprised if we hit a new ATH at 125ish
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