A bearish rising wedge has formed on SQ. You can see from the chart that as our 2 trendlines have converged and narrowed, price momentum has simultaneously fallen off and a bearish MACD crossover has just occurred. I will be watching price action for a break of support.
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.