Elliott Wave Technical Analysis: Block Inc.

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Block Inc., Elliott Wave Technical Analysis

Block Inc., (Nasdaq: SQ): Daily Chart, 31 January 2023.

SQ Stock Market Analysis: At this point, I am considering the possibility of an ending diagonal in wave C to then retrace lower into wave (B). We have touched and found resistance to the equality of C vs. A.

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

SQ Technical Indicators: 200EMA as resistance.  

SQ Trading Strategy: Looking for downside in wave (B) to then start looking for shorts.

Analyst: Alessio Barretta

Block Inc., SQ: 4-hour Chart, 31 January 2023.

Block Inc., Elliott Wave Technical Analysis

SQ Stock Market Analysis: Looking for a sharp move down soon to confirm the count, ideally we can break the bottom of wave {iv} to have further confirmation.

SQ Elliott Wave count: Wave (i) of {a}.

SQ Technical Indicators: Above all averages.

SQ Trading Strategy: Looking for confirmation to then build shorts.


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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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