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SQ

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. ______________ www.constellations.trade 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, and to use options premium decay for consistent income when markets may contract and range. Open an account here if you'd like to support my work: TastyTrade America's best Options, Futures and Crypto broker start.tastyworks.com Deribit The world's most liquid Bitcoin options platform www.deribit.com Binance 10% off trading fees with this link: accounts.binance.me 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.
NYSE:SQ
by UnknownUnicorn12250317
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!
NYSE:SQLong
by ThinkingAntsOk
1
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 Open an account here if you'd like to support my work: Deribit - Trade Bitcoin option premium decay strategies here: www.deribit.com Binance - 10% off trading fees with this link: accounts.binance.me 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.
NYSE:SQShort
by UnknownUnicorn12250317
SQUARE Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NYSE:SQShort
by hadimozayan
2
$SQSQ reported second-quarter 2021 adjusted earnings of 66 cents per share, beating estimate by 106.3%. Further, the figure rose 266.7% year over year and 60.9% sequentially. Net revenues of $4.68 billion improved 143% from the prior-year quarter. However, the figure declined 7.4% from the previous quarter and missed estimate of $5.02 billion. Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.33 billion to net revenues in the reported quarter, up 177% year over year. Solid momentum across bitcoin was the key catalyst. Without bitcoin revenues, net revenues would amount to $1.96 billion, up 87% year over year. Strong growth in transaction, subscription and hardware revenues contributed well to the results. But there’s no question about it, SQ has incredible fundamentals. From the technical side of things SQ is still very bullish. It’s currently sitting in a nice channel on the daily and if price holds we could see a new ATH on the cards. Price above, 50, 100 and 200 MA MACD sitting above 50. Keep this on your watchlist. - Factor Four
NYSE:SQLong
by TheBlankFund
The filter for the bullish view is READY on Square inc.Today we will speak about the current situation on SQ (we made a post a few weeks ago. You can check it on related ideas) At the moment, we think the bullish scenario is the most probable one, and we are ready to define the activation levels based on the previous analysis. What were we waiting for? We were looking for a first breakout attempt on the current corrective situation. That happened, and we have a small correction on the edge of the current one. What is the activation Level? Is the green horizontal line where we think that if the price reaches it, that would confirm our bullish view. What about cancelation levels? Here you have different possibilities. If you want to trade this small correction with a risk-reward ratio probably above 6, your invalidation level will be below it. (be open to the idea that trading scenarios like this require some stop losses before catching the actual movement) If you are more conservative, you can define an invalidation level that may be below the inner ascending trendline for the current correction. If you are extremely conservative, you can define your stop loss below the full structure (186.00) That's up to you. What is the same for all the scenarios is the Activation Level. What happens if the price moves in a completely different way? Either you have a stop loss, or you never trade because the price never reached the activation level; it is that simple. That's the reason risk management IS SO IMPORTANT. You must be able to take losses without that moving your emotions everywhere. How long can It take for a movement like this? 150 - 250 days. Thanks for reading, guys!
NYSE:SQ
by ThinkingAntsOk
1
PUTS on SQAfter hovering around its monthly resistance, SQ has recently showed signs of bearishness. The VPCI shows that its recent uptrend isn't supported by the necessary amount of volume to keep the trend continuing. Followed by the indications on the 4hour of reduced buying momentum and narrow emas. A great way to play this out is to wait for reduced buying momentum on the daily time frame because although the VPCI dictates bearishness, some trends can still continue with low volume, but for only so long. There is great support around 254 so that may be a potential target for puts but it is best to only exit when we are given signs to do so; letting our plays play out. Bearish Signals -VPCI(low volume) -Narrow EMA + Oversold -reduced buying momentum on 4h Potential Price Target -254
NYSE:SQShort
by ddcakez
Earnings Week (08/02-08/06): Move Predictions, IV CrushBelow I've posted a compiled spreadsheet (Google Drive spreadsheet), outlining a large portion of upcoming earning releases for the week of August 2 through August 6, 2021. Options market overestimation percentages, predicted/actual earnings release moves, and average implied volatility (IV) numbers have all been sourced from Market Chameleon ( marketchameleon.com ). Google Drive spreadsheet public link: docs.google.com If and where I've posted quarterly analyst revision numbers, that data has been sourced from Seeking Alpha ( seekingalpha.com ). PLEASE take any analyst "recommendations" with a literal kilogram of salt, as any/all critical thinkers have noted a tendency toward foul play with "analyst" target numbers and recommendations (hint, they do not have YOUR best interests in mind). Current prices are obviously as of market close, Friday, 07/30/2021. The most important data provided lie in the first five columns immediately proceeding "Current Price." This spreadsheet provides a readily accessible, macro view of potential earnings plays for the week. I often use this overview to aid with decisions to either buy or write put/call spreads, credit/debit iron condors, or more standard long plays with protective puts, dependent upon overall market volatility (VIX), and equity-specific IV. Please post any comments/questions/concerns, and best of luck this busy week traders. NASDAQ:NXPI RIG SPG NYSE:BABA NYSE:BP COP UA LLY CLX ATVI OXY AYX CPE CVS SMG CLVS MPC ROKU UBER ETSY FSLY MPC WDC WYNN QRVO MRNA FVRR W REGN SQ NET ZG NVAX DKNG CGC GT NASDAQ:CRON
NYSE:BABA
by JRSone
4