SQ bear hammer monthly Short

Block, Inc.NYSE

Description

⋅ Sep 3, 2022 2:19 PM

SQ shows perfect bearish hammer at monthly. Potentially wave 5 of the downtrend.

Expect bullish hammer September kiss $30 and either chop or begin uptrend from there.

Trade active

⋅ Sep 18, 2022 11:22 PM

Slowly grinding lower.

Trade active

⋅ Sep 28, 2022 9:45 PM

Moved stop loss to $80.70 daily pivot high

Trade closed: target reached

⋅ Oct 14, 2022 10:46 PM

Stopped out $58.25

Comments

MosDr

⋅ Nov 14, 2022 9:45 PM

Do you think it broke out the downtrend? Thanks

MishaSuvorov

⋅ Nov 14, 2022 11:48 PM

@MosDr, I think we can see $30 in the next 6 months and then we will go higher.

MosDr

⋅ Nov 14, 2022 9:44 PM

Hi there, many thanks for sharing your analysis, any update on SQ, please? Thanks

Aditus_Somnus

⋅ Sep 12, 2022 4:52 PM

I don't see it bro but may be it will, I just think it will rebound close to 90 before. Let's see.

MishaSuvorov

⋅ Nov 14, 2022 11:49 PM

@Aditus_Somnus, we'll see, but we can test $30 within 6 months.