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Dr-H

SQ double bottom?

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Block, Inc. (NYSE:SQ)  
Dr-H Uppdaterad   
NYSE:SQ   Block, Inc.
Trend Analysis Chart Patterns Technical Indicators TRAP trapped-traders sentiment sentimentalanalysis
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trendanalysis chartpattern indicator trap trapped-traders sentiment sentimentalanalysis
This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio.

But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup. What do you think I will do :wink:?
Kommentera:
I will give it two more days and if we fail to break daily 50 and consolidate nicely, I will try to buy the flush below my white line.
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