Hey Guys , what do you think about Square heading into ?
from my perspective , im seeing an inverse H&S chart pattern is forming ,
if i add an extra confluence by using fibonacci swing low to swing high , price happened to reject to the 50% fib area,
another confluence that i added is by using 200 Moving Average on the daily timeframe ,
and price did touch to the 200ma and fail to break to the downside ,
let's keep watching if price does create a perfect inverse head n shoulder and break the resistance above, then we can see price continue to the upside .
let me know what you think !
( becareful to buy calls in this bearish month with Evergrande news and FED Meeting )
Do your own analysis .
from my perspective , im seeing an inverse H&S chart pattern is forming ,
if i add an extra confluence by using fibonacci swing low to swing high , price happened to reject to the 50% fib area,
another confluence that i added is by using 200 Moving Average on the daily timeframe ,
and price did touch to the 200ma and fail to break to the downside ,
let's keep watching if price does create a perfect inverse head n shoulder and break the resistance above, then we can see price continue to the upside .
let me know what you think !
( becareful to buy calls in this bearish month with Evergrande news and FED Meeting )
Do your own analysis .
