Square SQ Calls

7 Okt

Currently Sq started a downward channel on September 19. It then continued in that channel until October 2, with a low of 63.95. This low was the head of the Inverted head and shoulder pattern. created on the dates of 10/1/24 , 10/2/24 and 10/3/24. The head and right shoulder was the beginning of the support of a secondary uptrend which is also trading in a channel. This Channel has now created the ascending triangle pattern and has lead us into a key area of 67.00. I think we have some nice potential to the upside after a pullback to the 9EMA on the hourly with a bullish candle pattern for a entry.