Square Consolidation

٩ ديسمبر ٢٠٢١

Square completed the "3 Falling Peaks" pattern down to the 170 level. Since then, it has bounced and gapped up into a consolidation. The consolidation range is between 186 and 196. The trade is to go long above 196 and short below 186. With a 1:1 risk reward ratio, the target would be 205 on the long side and 175 on the downside with stop losses on the break of the opposite side of the channel.

١٣ ديسمبر ٢٠٢١

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