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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 supply_and_demand support_and_resistance falling_wedge Bullish Patterns hidden_divergence buyer swingtrading breakout Wedge
4
2
trendanalysis chartpattern indicator supply_and_demand support_and_resistance falling_wedge bullish hidden_divergence buyer swingtrading breakout wedgepattern
Will be watching GS closely for a breakout here (broader market conditions permitting). Solid close yesterday after reclaiming the 200-day SMA as well as forming a falling wedge on the 1-hour, 2-hour, and 4-hour timeframes. 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- Bullish and looking for a breakout from this wedge

- MACD Cross on the Hourly Timeframe (Not Pictured)
- Bollinger Bands Squeezing on the Hourly Timeframe (Not Pictured)
- Bullish Hidden Divergence on the RSI
- Reclaimed the 200-day SMA
- Buyer Volume Starting to Pick Back Up Relative to Seller Volume

PT1- $403.71
PT2- $404.93
PT3- $405.73
PT4- $408.35+

Previously Charted-
snapshot
Comment:
Previously Charted-
snapshot
snapshot
Comment:
PT1 Reached ✅
Comment:
PT2 & PT3 Reached ✅
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