Ascending Triangle Forming- Bullish
Looks like an ascending triangle forming on GS after a long downtrend & some consolidation-
- Closed yesterday sitting on the 100day EMA and looks like it will reclaim the 50-day as well
- Buyer volume starting to pick up again, was in oversold territory for quite some time
- MACD is seemingly about to cross, EMA's curling upwards on shorter timeframes (Not Pictured)
- The previous times GS has been rangebound for a bit have seen a big breakout to new ATH's (See Previous Charts Below)- also consecutive pattern of making higher highs and lower lows
- Bullish & looking for a breakout, just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones to keep an eye on
PT1- $392.16
PT2- $396.52
PT3- $398.95+ Breakout
https://www.tradingview.com/i/qymIgCWn/
- Closed yesterday sitting on the 100day EMA and looks like it will reclaim the 50-day as well
- Buyer volume starting to pick up again, was in oversold territory for quite some time
- MACD is seemingly about to cross, EMA's curling upwards on shorter timeframes (Not Pictured)
- The previous times GS has been rangebound for a bit have seen a big breakout to new ATH's (See Previous Charts Below)- also consecutive pattern of making higher highs and lower lows
- Bullish & looking for a breakout, just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones to keep an eye on
PT1- $392.16
PT2- $396.52
PT3- $398.95+ Breakout
https://www.tradingview.com/i/qymIgCWn/
Nota
PT1 reached ✅Nota
PT2 Reached ✅Trade chiuso: obiettivo raggiunto
All Price Targets Reached ✅
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.