SQ trade ideas
Bearish Bat into a long setupStraight forward long setup after completion of bearish bat with price bounce off of high confidence price Fibonacci level.
SQ Bouncing of 38.2% Fibonacci retracement levelNote: Publishing first idea here and a beginner in charting.
Square seems to be bouncing of the 38.2% fib retracement levels. I might take start a position here once I get the confirmation. Will take profits in according to the fib extension levels shown.
SqYou guys know I went long on SQ at 230 level I posted about and took massive profits off a option call that I should of bought way more of. I sold my call around 272 for a monster gain. Had a target up at 279 that hit almost to a T with a blow off top
Should of did a PuT there but I was more focused on some crypto and missed the short
Any ways. This level of 245 should act as decent support here and we did wick to the 243 200 ema so far
As long as we hold here I wouldn’t be surprised if we get a big bounce at some point. Next level below is 238 and below that would potentially be another free fall.
I did get filled on some
Share purchases down here but I’m not sure if I will close it out yet for now I’ll keep it here
Looking for Wave 5 Soon?If we can find that $237 support level we could see wave 5, potentially to $320. However, it is possible that we are seeing a double top here and this is headed back to $180. People seem to like this company and that probably won't happen, but it's good to keep that bearish pattern in mind. If we break that .5 fib level this could be really bad. Good Luck!
$SQ remains in trading range BEARISH the IV rank is about 22%, the candle closed with little to no buying pressure, that suggest there are not as many bulls in this stock. The indicators point to a bearish downside in the next coming days. Price has been ranging and continually getting rejected at that sell zone and bought up at the buy zone. The volume has been decreasing if you pay attention to the bars, I think we see volatility reverting back the mean in the next coming days.
$SQ Technical Analysis$SQ Key Levels:
Supports:
- $254.41
- $246.49
- $237.45
- $225.49 (Point of Control)
- $200.00
Resistances:
- $264.27
- $278.13
- $283.19
SQ DOUBLE TOPDouble top same volume as the pullback from before, bouncing off top BB. Gap from AH lastnight to fill also, Nothing extreme ill be playing 0day options tomorrow. Could go either way tomorrow, the markets are going nutz right now. Ill enter with confirmations,
ENJOY, tell me your thoughts!
The great crash of SQ after a quick rebound? We are not in a bull market and today was a quick rebound to a few days of lower prices. Also, the interest rates are at a dangerous level and the stimulus checks are expected to go toward savings and paying up debts, as opposed to "flooding the market". So what does that mean for SQ? The most probable scenario is a short recovery to 237 followed by a medium scale crash down to 171 level by March 21st. Let's see how the market unfolds.
Thanks
AH
How I'd trade itOn the chart I put some comments about key levels and events by #SQ, which Is constantly on my watching-list.
Any kind of comment is appreciated.
Double bottom on SQ potential for 300the double bottom has formed on sq since its major downtrend from ath at $280, have been looking at this for a while lets see if it confirms and goes for an uptrend.
Looking for an hourly trend break.SQ has been walking up this trendline since March 30th and could run into ATH resistance tomorrow(ish). If we get an impulsive break I would expect a retest of 255 or lower.
Megaphone patternSometimes, it doesn't need much technical analysis to figure out the price action expectation, the low was predictable so will be the next top :)
$SQ Square Bullish Price Targets
Big week ahead for SQ as the Coinbase IPO could add some extra fuel to its recent rally.
First major target it to the pervious ATH and dependent on market conditions the possibility of a move to the Fibonacci 1.618 extension at $300 is on the way.
SQ - Double Bottom PatternI am still very bullish on SQ, holding my may calls until my target of $278 is reached, could break through $280 and surpass AH.
$SQ Potential Cup and Handle 4/12Video breakdown on $SQ Had a great week last week but we could see some healthy profit taking going into the first part of next week. Thank you for your support! if you like this video or any of the videos linked below leave a like and follow for more!
SQ Pennant BreakoutSQ Broke out of a pennant. Price target of $283.88 (1.618 fib level) which also happens to be previous resistance.
Inverse Head and ShouldersHead and shoulders top but SQ appears to have formed an inverse head and shoulders bottom. SQ pierced the neckline of the H&S top, but recovered after doing so. Head and shoulders have a high failure rate in a bull market or with a bullish stock.
Long entry is above the neckline, 252.55, with an uptrend. The neckline can become support after price has broken through it. The best support I see right now is at between 243 and 244 at the prior small gap up and the other small gap up between 245 and 246.
Head is at 191.36 Left Shoulder is 217. 40 Right shoulder is 202.10. The right shoulder is lower than the left which is not ideal, so do some research before trading this. SQ can be volatile so if you want to trade this, I would get a good long entry. Price can change a lot from one day to the next
Possible stop below 227 or last pivot low. Not a recommendation
Short interest is a bit over 8% depending on where you look. I look at short interest because shorties know the markets. I do know there are short squeezes that will push a stock up. I also know folks who go short usually know what they are doing, so you have to weight it out.
Negative volume as well as volume has been high.
Earnings 5-6 AMC. Could be risky but I guess everything is a risk (o:
Good trading is not always about predicting the weather tomorrow, but sometimes just knowing it is raining today (o:
SQ trending toward $300+I wouldn't sell SQ just yet. It looks primed for new highs with strong trend momentum.
