Block, Inc.
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$SQ Wave and Supply/Demand Analysis

121
SQ Tech idea :

Summary : SQ to me is in the "Wave 5" of a downward "Bearish Impulse" and now we are in a
"Weekly demand (White Zone)" after just breaking from our 1st now filled "Weekly demand (Green)".
But to me the reason SQ is slicing through is because (Bears) have the
overall edge "Supply wise and Trend wise" as we have
"3 week supply" which is a HTF (3 Week Supply > Weekly Demand) and
greater than our "Weekly Demand" which
is driving the market down.
So to get to it unless this "Fomc" brings us back up i can see SQ possibly going for
"Sell Side Liquidity (Green Trend Line)" at this rate if "Fomc" and other events this week
fail to pickup the market .

Feragatname

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