After shorting SQ last week I am changing my tune and I'm looking for buy setups. I used the fibonnaci here to try and locate where SQ may head towards if $214 breaks and we head towards a new all time high. Price action is currently approaching the 50EMA which is right below a key level. I am looking to enter around this key level at $199.60.
Patience. Price action isn't there yet but the risk to reward is pretty solid here. Especially if we reach my predicted 2nd price target. Let me know what you all think !
*Charts posted for educational purposes only.
Patience. Price action isn't there yet but the risk to reward is pretty solid here. Especially if we reach my predicted 2nd price target. Let me know what you all think !
*Charts posted for educational purposes only.