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$GS - Ascending Triangle into January
Goldman Sachs Group, Inc. (The)
Long
$GS - Ascending Triangle into January
By willoptions
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Updated
Dec 31, 2020
1
9
Dec 29, 2020
Ascending Triangle on the 2hr into the end of the year following a strong run in Q4.
Bullish news by Fed regarding bank buybacks that has yet to be taken advantage of by GS.
Entry:
>$263
TG1:
$269
TG2:
$276
Extended TG3:
$283
Invalidated:
<$254
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Dec 31, 2020
Trade active
starter size 1/15 270
Jan 4, 2021
Trade closed: target reached
Took weeklies off at open for 65% and closed 1/15 for a loss mid sell-off. Nasty day.
Jan 7, 2021
Trade closed manually
chased this all week and i'm out entirely. really ugly trade and should have just held in retrospect. chart was on point though!
banks
Beyond Technical Analysis
Chart Patterns
fed
Fibonacci
jpowell
willoptions
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