Falling Wedge- Bullish - Update pour NYSE:SQ par jacobosiason7

trendanalysis chartpattern indicator falling_wedge support_and_resistance supply_and_demand bullish breakout hidden_divergence swingtrading wedgepattern buyers

Just posting a quick update on SQ here as it has gotten beaten down badly amidst all of the intraday volatility. However, respected support nicely and is holding quite a large falling wedge. Bullish and will be watching closely for a breakout from this wedge as buyers start to step in (broader market conditions permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Previous charts are attached in the description below

- Bollinger Bands Squeezing on the hourly timeframe (See Attached Chart Below)
- Slight bullish hidden divergence on the RSI on the hourly timeframe (See Attached Chart Below)
- MACD Cross on the Hourly Timeframe (See Attached Chart Below)
- Falling wedge on the daily timeframe
- Sitting right above the VWAP
- Bullish Hidden Divergence on the RSI on the Daily Timeframe as well

PT1- $168.13
PT2- $171.21
PT3- $172.24
PT4- $175.51 +

--Hourly Timeframe--

--Previously Charted--

Transaction en cours:

1/21/22' 165/190 Call Spreads @ 6.50

Trade fermée: cible de profit atteinte:

PT1 & PT2 Reached ✅
Call Spreads Closed @ 10.15 | +56%

Commentaire:

Looking nice again for a possibly re-entry- MACD Cross on the daily timeframe

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