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Block Inc.(SQ:NASDAQ) Elliott Wave Technical Analysis 14 March 23


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Block Inc., Elliott Wave Technical Analysis 

Block Inc.,(SQ:NASDAQ): Daily Chart, 14 March 23, 

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 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).  

TradingLounge Analyst: Alessio Barretta 

SQ_3_14.png.a4d46b68a79cd09af9654a05a274c85d.png

 

 

Block Inc., SQ: 4-hour Chart, 14 March 23, 

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 downmove 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).

SQ_4H.png.02d1b1371f203ba20311b340737b4388.png

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