TradingView
CryptoSimons
Dec 17, 2018 5:53 PM

Decision Time for Goldman Sachs 

Goldman Sachs Group, Inc. (The)NYSE

Description

The H&S target has been reached, leaving GS at the rising trend line of the large rising wedge that has been in play since the 2008 crash. The RSI is showing that GS is oversold while the MACD is still taking a plunge. A MACD recovery and bullish cross would be a good sign. If the price closes under the rising trend line, I expect a large plunge to the 0.786 Fibonacci retracement. If the support holds, expect return to the top of the rising wedge .
Comments
StephenYu
I saw this setup... went deep in calls today.
More