Bearish divergence on the weekly time frame indicated a bearish move. Which has already happened, giving up control from the bulls to bears. Creating a lower high which could indicate a upcoming move towards $250.
Over bought stochastic and Market exhaustion of the RSI to the upside. Could support my analysis which means GS could fall 24-38% in the coming months.
This low would also provide perfect buying opportunity for the overall bullish annual trend.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.