Elliott Wave Technical Analysis: Block Inc. - Tuesday, March 14

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Block Inc., Elliott Wave Technical Analysis 

Block Inc.,(Nasdaq: SQ): Daily Chart, 14 March 2023. 

SQ Stock Market Analysis: It looks like after a three wave move in what could have been wave (A) we could be near the end of another three wave move in wave (B), therefore we could expect an upside soon. 

SQ Elliott Wave Count:  Wave C of (B). 

SQ Technical Indicators: Below averages. 

SQ Trading Strategy: Looking for a bottom in wave (B).  

Analyst: Alessio Barretta 

Block Inc., SQ: 4-hour Chart, 14 March 2023.

Block Inc., Elliott Wave Technical Analysis 
SQ Stock Market Analysis: As shown in the chart we can identify a five wave structure into wave C which could signal the down move is completed. However, we do need further confirmation first.  

SQ Elliott Wave count: Wave  {v} of C. 

SQ Technical Indicators: Below all averages, at a volume POC. 

SQ Trading Strategy: Looking for a bottom in wave (B).


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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