SQ trade ideas
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.
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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).
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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- $271.76+
SQ SQ SQBroke trend line! It bounced off weekly support and this bullish flag. Retests slightly today, now ready to pop! It is a longer swing for me!
Next resistance 255.5, 271.6, and 290.
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$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
Bullish RSI and MACD DivergenceRSI and MACD shows a upward trend while the price shows downward trend. May indicate a trend reversal.
Disclaimer: This is not a financial advise. You are responsible for the financial decisions you make.
$SQ - my favorite dip buyWow, where do I begin on this one. It is my favorite dip buy out there right now.
I posted a chart a few weeks ago with a bear count of square and what do you know, it is materializing for us to get our hands on these shares dirt cheap. Right now we are looking for our wave 2 bottom, somewhere between the mid 240s and the 220 range. 220 appears to be the 161.8, but I highly doubt this goes that low.
SQ is about to be sitting on top of a massive volume shelf, and kiss the 30 week MA. Big money has been pouring into the November 260c's and they have been firing those bullets off for the last several days. Look for SQ to be a leader on the next leg up and I think it will be taking a trip into the 300's.
SQ Get's consistently rejectedNYSE:SQ
It formed Head & Shoulders on small trend line , it looks bearish at the moment.
The only thing bullish are the MA 's
SQ Decision TimeThis looks like a Head and Shoulders that’s ready to break to the downside. From a technical perspective there’s a perfect wick off the Golden Pocket’s 0.65 retracements level and has made lower lows on the daily timeframe. Would need confirmation before jumping into any short position, but a go signal would be a break, hold, and close below the (yellow) trendline, which has been defended three times dating back to June.
Square is in correctionSquare has completed 3 waves for wave A and 3 waves for wave B and is now beginning its correction as wave C. The whole correction could either be a WXY or an ABC for a flat correction. Regardless, Square is expected to retrace sub 200 to at least the 195 level and if it is still bearish, will correct to the 153 level afterwards.
SQ buy planNYSE:SQ
I am looking for a Head-Shoulder pattern to be formed with a break out to the Demand zone before moving up.
$SQ might get corrected on $PYPL newsSQ looks weak here, it would be good to book some profit and buy back again below $245
$SQ - look for Calls above 270 or puts below 263$SQ - Pennant formation, look for Calls above 270 or puts below 263
SQ - Old Growth Acting Promising (9/7/21)The market is currently favoring new growth names as it beats down the '20 growth name but this one is still holding up very well. We are seeing a cup and handle pattern as well as a VCP-sh type pattern in the base which makes me very bullish. There isn't much overhead supply in this name and it has been in somewhat of a consolidation period for all of '21. We are seeing the ATR decreasing and I am theorizing that much of the selling that was going to occur in this stock already happened looking at 8/10 - 8/19. I beat many people / traders have been shaken out of this name after the earning move which could hold well in the shorter term. We are also seeing this name put in higher lows and hold the MA somewhat which means the buyers are stepping in at key points. Another interesting fact to point out is that the recent volume after earnings was the most volume this name has seen since '19.
$SQ Nice Little PivotNice little $SQ pivot to manage risk against. Its been consolidating pretty much most of 2021 & looks to be putting its final pause before the breakout.
SQ SQ SQBroke out of it's trend line. Has been consolidating for a week. I believe it hit today's and can see it fly! We will see!
SQ Potential Bear ScenarioThis is a potential bear scenario heading into Sell September. If this occurs the wave 2 at 100% extension will be a screaming buy as next leg up send SQ to the moon
