Falling Wedge- Bullish - Update

17 dic 2021

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--
https://www.tradingview.com/i/fnl16cDI/

--Previously Charted--
https://www.tradingview.com/i/pR01XDTa/
https://www.tradingview.com/i/FN8Hm4Oh/
https://www.tradingview.com/i/FFiiP7E8/

20 dic 2021

Trade attivo

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

21 dic 2021

Trade chiuso: obiettivo raggiunto

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

22 dic 2021

Nota

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