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jacobosiason7

Falling Wedge- Bullish - Update

Long
Goldman Sachs Group, Inc. (The) (NYSE:GS)  
jacobosiason7 Updated   
NYSE:GS   Goldman Sachs Group, Inc. (The)
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns support_and_resistance falling_wedge supply_and_demand harmonic_pattern hidden_divergence swingtrading breakout squeezing
4
2
trendanalysis chartpattern indicator bullish support_and_resistance falling_wedge supply_and_demand harmonic_pattern hidden_divergence swingtrading breakout squeezing
Just posting a quick update here as GS has gotten beaten down as the broader markets pulled back but has seemingly found some support after reclaiming its 20-Day SMA. GS is lagging the XLF at the moment, however, looks to be setting up nicely for a big breakout. GS is holding within a nice falling wedge on the daily timeframe accompanied with some bullish hidden divergence on the RSI. Additionally, Bullish Gartley harmonic pattern on the 4-Hour timeframe along with Bollinger bands are squeezing, and a golden cross on the MACD to top it off (See Attached Chart Below). Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below

PT1- $314.20
PT2- $323.73
PT3- $329.81
PT4- $337.64 + Gap Fill

--4-Hour Timeframe--
snapshot

--Previously Charted--
snapshot
snapshot
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Comment:
✅ PT1- Reached
Comment:
PT2- Reached ✅
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