traderprosignals

SQ SELL/SHORT - The Market could fall lower to test Fib levels

Short
NYSE:SQ   Block, Inc.
TICKER CODE: SQ
Company Name: Square, Inc.
Industry: Technology | Software - Infrastructure | USA

Technical Analysis
1. Large Flag / Falling Wedge (Forming)
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole

Entry: NOT READY
1st Entry Price: 125
2nd Entry Price if the market falls to lower: 85

1st SAFE Partial Take Profit: 380
2nd Partial Take Profit: 535


EXPECTED Take Profit in End 2022
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.