What’s changed?
After a brief pullback, Block stock gained fresh momentum since our last update, climbing to the recent local high. However, renewed downward pressure soon emerged, tempering the upward move.

Primary Scenario
We continue to view Block in an upward impulse and expect further gains in its third stage above resistance at $87.44.

Alternative Scenario
In our alternative scenario, XYZ would enter a more prolonged correction toward a new low, forming in our alternative blue Long-Term Entry Range ($31.81–$18.68) (probability: 25%).

Long-Term Outlook
The 2-week chart suggests that a correction has likely already been completed, so we see the stock in a long-term upward impulse. Going forward, we expect a significant high above resistance at $283.19.