GSBear flag on the daily. Earnings next week. Grabbed a small 04/21 put position up here, stop above today's high.
GS trade ideas
GS ( Advancing Phase) Harmonic XABCDThe Trend was Bearish then i noticed Divergence, then the Trend start making Higher Highs and Lows. Took the Entry at 318 and the share price is still moving towards it's Target Price.
GS GOLDMAN Daily BULLISH Reversal - HarmonicsNYSE:GS
GOLDMAN Sachs GS Daily is looking at a BULLISH Reversal . Here Harmonics Bat Pattern is followed by a series of HH and HL. Buy stop Order at the break of last HH will be the way to go. R:R is 1:1 at least.
Goldman Sachs Hourly AB:CDBearish Flag continuation till point D
Look for bullish reversal at point D
GS GOLDMAN SACHS HARMONICS BULLISH REVERSAL PATTERNTrading Goldman Sachs (GS) using Harmonics Bullish Reversal Pattern.
Entry once price cross up point B @336.47
Stop Loss is below point D @301.48
TP1 372.61
TP2 407.58
Point to notice is Potential Reversal Zone at point D, once trend changes and Higher Highs and Highs and Higher Lows are printed use Buy stop order above point B.
There is a clear divergence at point D which strongly indicates that the trend change is almost imminent.
$GS, Swing Levels$GS is approaching a bullish cross on the fast EMAs.
On the long run, there is positive price action while that lower high shows kind of weakness on the short run.
Goldman Sachs channeling a recovery. GSI would have loved nothing more than a total collapse of this one. I shorted this one many times last year, but alas the guys in New York got bailed again.
There is a WXY channel within a larger B of an Elliot flat. We are due to start the Y soon. Hidden momentum divergence, confirmed by a volume one, thus there is something there on the divergence level as well.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Weekly Levels : GSNext Support and Resistance Area for $GS
Identified on the chart the next possible Support and Resistance, where the price will exit this trading range.
GS Goldman Sachs exposure to Circle and USDC !!!Goldman Sachs has been a significant investor in Circle since the company's early days.
In 2015, Goldman Sachs participated in a $50 million funding round for Circle, alongside other investors such as IDG Capital Partners and Breyer Capital.
This funding round was notable for being one of the largest investments in a bitcoin company at the time.
Since then, Goldman Sachs has continued to support Circle, participating in subsequent funding rounds and providing assistance with the development and adoption of Circle's products.
In particular, Goldman Sachs has been involved in the development of Circle's USDC stablecoin, which is pegged to the US dollar and used for a variety of purposes, including facilitating international payments and enabling decentralized finance (DeFi) applications.
In addition to its investment in Circle, Goldman Sachs has also shown interest in other areas of the cryptocurrency industry.
In 2018, the investment bank announced plans to launch a bitcoin trading desk, although these plans were ultimately put on hold due to regulatory concerns.
Nevertheless, Goldman Sachs has continued to monitor the cryptocurrency industry and explore opportunities for involvement in this rapidly evolving market.
And I think there are new information about to be revealed about Goldman`s investments in Circle and cryptos!
If you want to buy Puts, here are my favorites:
2023-6-16 Expiration Date
$310 Strike Price
$14.40 Premium
Looking forward to read your opinion about it!
Keep shorting GSWhy?
It;s the MOST evil company in the world. ALL presidents in Europe were replaced by Goldman Sachs puppets,
Also there's a massive head and shoulders and it's in a clear downtrend...
www.youtube.com
GS WAVE C CRASH EARLY STAGEThe chart posted is my top wave count based on ew and cycles I do not in anyway see the Fed coming to the rescue the cycles I stated in dec 2021 are clear the deflation of ALL assets min downside is and will be at or about the march 23 low 2020. . I have been every clear based on 121 years of data the 20 month avg turned down and had 90 days to overcome the 4250 area in the sp 500 we have now passed it 3 days ago we are only mid point in the Bear Market and the worst has yet to come . The fed will reduce the balance sheet over the next 24/30 months and based on the Mandate of 1913 to keep INFLATION under control .I stated in dec 2021 the we ended a super cycle bull market dated back to 1974 and most likey to 1932 under both views my target of 3511/3490 was going to be the first leg down . We ended the abc rally into aug 16th as the forecast called for then dropped into the time cycle due oct 4th to the 20th focus oct 10th we have rallied into alt date for wave 2 into feb top the only way to view this drop at BEST is a wave B . I have moved all my funds into us T BILLS . the wave C CRASH based on all the data back to 1902 has min date is OCT 2023 and No New BULL MARKET till OCT 2024 The DEPRESSION LOW . BEST OF TRADES WAVETIMER . I ALWAYS SAID I WOULD BE HONEST AND STRAIGHT FORWARD
💾 Goldman Sachs Group Worst Since 2008 | Major Crash AheadI was about done but couldn't stop this without looking at the infamous Goldman Sachs Group, this is the 8th biggest bank corporation in the USA.
The peak/All-Time High here was hit November 2021, together with Bitcoin and most of the worlds financial assets... Let's start with the weekly chart:
✔️ In January 2023 we saw the highest selling volume week since February 2016. This tells us that the insiders know what is coming and started the sell-off early on.
✔️ This week pushed GS below EMA50 and EMA100.
✔️ We are at the 4th consecutive week closing red and the financial bleeding seems to just be starting.
✔️ The RSI trending down like there is no tomorrow and the MACD histogram has gone red with a bearish cross.
I'll show you the MACD because the bearish cross is always quite revealing:
The monthly is the main chart above, the real bad news.
✔️ GS was still trading above EMA10 last month, breaking below this very same week. This tells us that there is still plenty of room for this stock to go lower.
✔️ The MACD is still above 0 (bullish) but trending lower.
✔️ The RSI is still strong (above 50) but in a downtrend.
The biggest disconnect from reality so far from any bank can be seen on this chart.
The Goldman Sachs Group (GS) holders, buyers, traders or whatever you want to call them, haven't been selling, they are still holding strong.
Some people are going to experience a rude awakening... The worst is yet to come.
The banking system is going down, that's my conclusion after reading all these charts.
Thank you for reading.
Namaste.
Goldman Sach Looking For Bids Into 310/20IN this update we review the recent price action in Goldman Sachs and identify the next high probability trading opportunity and price objectives to target
GS ShortWeekly down trend
At support/resistance, 350
Short Entry 347
Stop 380
Target 280, 250
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
GS ShortWeekly down trend
At daily support/resistance, 374
Short Entry 370
Stop 380
Target 340, 310
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
New T-Box on $GSPlaying the ema 21h on the ema 250h.
Looking for a test of the price on the 250h as first target, then the 21 h on the 250h
Is the Vampire Squid going into the Mariana Trench?A quick glance at the GS chart shows a flattening 200DMA, significant recent negative volume (probably on the news of the 6% workforce redundancies) but the price is nearing its 200DMA and could break to the downside. Support needs to hold, otherwise it will be looking bearing for the vampire squid.
Will be interesting to see if the head & shoulders which is forming does just that. If so, this is looking like a short.
$GS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $GS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 90%.
Bad News Event//1.414//Rising Wedge(s)Earnings were announced this morning and there has been a sharp sell off so far today.
Price has broken the Rising Wedge bottom trendline which validates the pattern.
There are several more bearish wedges well below price. If price reaches them, the over-supply in the rising wedges will cause another pull back. These RWs are sprinkled over a few years and I only drew the most recent one. The lowest one is at 250ish.
W noted and the 4th leg terminated at the 1.414 fib level.
1.414 is the square root of 2.
Price remains above the .382 on the trend up in spite of the pull back today.
Strong stock, and maybe GS will leave a sexy corpse behind.
Most likely a rocky ride on the way down so fasten your seatbelt!
Price is down significantly today and that can mean a bounce soon.
No recommendation.
"Whenever I'm about to do something, I think, 'Would an idiot do that?' And if they would, I do not do that thing."
—Dwight Schrute, The Office
Earnings 1-17 BMO/Today (o:This lines up with ABC/D or ABC bullish with the target being D. This pattern will eventually reverse when D is reached. D can be a lesser or greater fib level of the AB leg.
It is a common measured move in the markets.
Earnings will be announced before I wake up )o:
Sleepless night after working. My mind needs to chill and drawing charts helps me relax. (o:
Earnings can make or break GS in a few hours from now. They are getting very soft numbers to beat so time will tell.
Last quarter, EPS of 8.25 was the number and they beat it. This quarter it is 5.77. They are also getting a break on revenue of a billion or so less than last quarter.
So it looks like Wall Street wants an earnings beat...which is not hard to do if you lower the goal posts. (o:
Price appears to be in a small bearish rising wedge, RW, (orange) that is not valid at this time as the lower line is intact.
Price is well above the .382 fib level since the Covid low.
The major trendline overhead is a slow descending trendline. This can always change.
No recommendation.
ATR is 7.49
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham
EPS (FWD)
32.69
PE (FWD)
11.44
Div Rate (FWD)
$10.00
Yield (FWD)
2.67%
Short Interest
1.31%
Market Cap
$128.65B
GS testing support on weak earningsGoldman Sachs testing near-term support after reporting weaker than expected numbers.
The initial drop was stalled right at ascending support.
Should this support fail, a leg lower would then be expected.
A rotation higher could happen based upon a long term (higher low) pivot on October 13th placed in the big picture.
