#TFStrategy: Symmetric Triangle in Goldman Sachs (GS)
-Goldman Sachs is an Investment Bank whose shares are traded on the New York Stock Exchange (NYSE) under the code (GS).
-The symmetrical triangle is a pattern where the price minimums are getting higher and the maximums are getting lower.
Temporality: 30 minutes
- This type of pattern is of the non-directional type.
- If the triangle breaks up, is expected a confirmation at a price of approximately $206 per share, with Take Profit around $219.94 and Stop Loss at $200 per share approx.
- If the price breaks down, is expected rupture at an approximate price of $200 per share and open a short operation, with Take Profit at $187 and Stop Loss at approximately $207 per share.
- The risk-reward ratio is approximately the same in both operations with 2.5 ratio
-Goldman Sachs is an Investment Bank whose shares are traded on the New York Stock Exchange (NYSE) under the code (GS).
-The symmetrical triangle is a pattern where the price minimums are getting higher and the maximums are getting lower.
Temporality: 30 minutes
- This type of pattern is of the non-directional type.
- If the triangle breaks up, is expected a confirmation at a price of approximately $206 per share, with Take Profit around $219.94 and Stop Loss at $200 per share approx.
- If the price breaks down, is expected rupture at an approximate price of $200 per share and open a short operation, with Take Profit at $187 and Stop Loss at approximately $207 per share.
- The risk-reward ratio is approximately the same in both operations with 2.5 ratio