GS has broken it's neckline today, under $356.45. GS looks like it has officially reversed from it's uptrend pattern and it now bearish.
I see a somewhat head and shoulders pattern here and the neckline has been broken. If GS holds under the neckline, it shall see some more downward motion in the next 30 days.
Entry: 357.32-356.50
1st Target: 352.28
2nd Target: $339
I could see this going all the way back down to around $320.
I see a somewhat head and shoulders pattern here and the neckline has been broken. If GS holds under the neckline, it shall see some more downward motion in the next 30 days.
Entry: 357.32-356.50
1st Target: 352.28
2nd Target: $339
I could see this going all the way back down to around $320.
Trade active
GS is trading sideways between $362 and 356 for now. Still just watching.Trade active
Broke necklineTrade active
Trade closed: target reached
1sst target reachedTrade active
Note
UP 51%.Note
Congrats if you're still in this. Looks like this will seeing target #2Trade closed manually
Taking profits. Out.Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.