Bearish Gartley pattern in GS (Weekly?) Short

NYSE:GS1W

Goldman Sachs Group, Inc. (The)NYSE

Description

⋅ Jun 10, 2013 1:57 AM

Just eyeballing this it looks like GS may retrace to $130 XLF BKX

Comments

MaxxPayme

⋅ Jun 21, 2013 8:50 PM

so far so good here

motleifaul

⋅ Jun 11, 2013 1:42 PM

I took the profit meanwhile but will watch it further as it is a weekly chart. Thanks.

MaxxPayme

⋅ Jun 11, 2013 4:48 PM

thanks for your comments...I tend to look at big picture themes that are not necessarily trades I will take. Using this GS chart as an example I would likely not be looking to short it all the way down to the $130 area if I do take the trade.

motleifaul

⋅ Jun 10, 2013 3:16 PM

I don't know whether the price will reach the level of your gartley pattern predicted, but I think GS is good for a correction to as we move within a sideward range and are currently on the upside.