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31Jan

Block Inc., Elliott Wave Technical Analysis 31 January 2023

Alessio Barretta |31 Jan, 2023 | 0 Comments | Return|

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Block Inc., Elliott Wave Technical Analysis 31 January 2023

4Hour

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


Daily

Block Inc., Elliott Wave Technical Analysis
Block Inc., (SQ:NASDAQ): Daily Chart, January 31 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 off 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.

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