Watch for weekly close. Starter position entered on Monday.
Great idea on GS. For our set up, we have identified major resistance and support levels. Price is approaching our first support at 171.75 which is made up of 61.8% Fibonacci extension , 76.4% Fibonacci retracement and a horizontal overlap support. We found a major resistance at 209.4, which is made up of 61.8% Fibonacci retracement and a horizontal pullback resistance. Stochastic is testing its support at 3.15% and we might see a corresponding rise in price should a bounce occur. Please take a look at our idea and let us know what you think.

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