axelroark
Short

Simple Square Short (Descending Triangle)

NYSE:SQ   SQUARE INC
Chart says it all. Square is in trouble, and looks poised for a visit into the 50's.

T1: 59
T2: 55.50
T3: Dec Low 49-50.

Below that and buy with both hands.
Comment: All downside from here.
Trade closed manually: Still trading this in and out, but got a nice break to 59.50 enough to consider this idea valid. Look for more downside to come.
didnt it just break your trendline there
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@Ayohan, there is a little leeway on the chart due to how I mapped the bases and not the wicks. A different timeframe gives us a bit more room. I believe this is the high for the remainder of the move and pattern should hold into next week. I would set a loose stop around 64.
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