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Block, Inc.
Long

Square Reverse Head and Shoulder at fib?

By tchaas93326
I believe I'm looking at a reverse head and shoulder on Block (SQ) on the weekly. This could indicate a longer term breakout above the fib. I'm thinking of small position size to front run the break out, a little more on a pullback (considering RSI) and larger size after a breakout up to 100. Tech's recent run in January and Block's extremely strong pullback in 2022 set up nicely for profit making.
blockChart PatternsFibonaccihead_and_shoulderTechnical Indicatorsreverseheadandshoulderssquare
tchaas93326

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