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Block, Inc.
Updated

$SQ

250
SQ – I am posting this along side PINS because the charts are nearly identical and I want to compare what happens in the future.

It appears to me to be a bearish corrective break – with the projections as charted.
The ‘W’ shape top appears to have been a double top reversal = price fell to 200 day EMA. This is also the bottom of the vol profile and the .380 fib level. A double top reversal measures the top and bottom wave to forecast a price below support. That is the range I will look for entry.

Because MACD and RSI are indicating oversold a bear flag is possible.

SQ
PINS
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I just noticed that CRM had a similar chart only weeks ago: Same "W" shape double top that failed then created a sort of bear flag or megaphone that failed again. Going to watch CRM and see if it is a sort of precursor to SQ and PINS.
Note
tracking...
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tracking...would love to see this dip so I can buy in.
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tracking...
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finally a dip breaking my support line and down to near the 200 day... looking for an entry.
jonwayne02
Chart PatternsTechnical IndicatorsTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsTrend Analysis
jonwayne02

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.