SQ Tech idea :Summary :
SQ to me is in the "Wave 5" of a downward "Bearish Impulse" and now we are in a "Weekly demand (White Zone)" after just breaking from our 1st now filled "Weekly demand (Green)".
But to me the reason
SQ is slicing through is because (Bears) have the overall edge "Supply wise and Trend wise" as we have
"3 week supply" which is a HTF (3 Week Supply > Weekly Demand) and
greater than our "Weekly Demand" which
is driving the market down.
So to get to it unless this "Fomc" brings us back up i can see
SQ possibly going for "Sell Side Liquidity (Green Trend Line)" at this rate if "Fomc" and other events this week
fail to pickup the market .
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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.