oussamaelgadoum

Goldman Sachs Rising Wedge Pattern Below The Resistance Level

NYSE:GS   Goldman Sachs Group, Inc. (The)
As we can see on the Daily chart the price keep moving to the downside we have a double top with a break confirmation causes a huge drop into 155.0, huge continuation to the upside into the previous low the price touched and reject each times to turns the previous support into a new resistance level with crossing the 200 MA then the price drop again and reject from the 0.50 fib level the price could push higher again into the resistance before drop again as a sign to short we are waiting a breakout confirmation of the lower low of the rising wedge patter

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.