I saw this channel on last week, on tuesday. By the time most of the people recognize this channel (or any other channel) it will break out one direction. So, it's time to break this channel. IMO this is a bull-flag.
Another perspective of GS: LINK. In this case last Friday's move was a bear trap, and this is a descending wedge. Finally I bought some GS yesterday, this is a swing trade, so my stop is below the last swing low.
I saw this channel on last week, on tuesday.
ReplyDeleteBy the time most of the people recognize this channel (or any other channel) it will break out one direction. So, it's time to break this channel. IMO this is a bull-flag.
+ 1
ReplyDelete+ 1
ReplyDeleteAnother perspective of GS: LINK.
ReplyDeleteIn this case last Friday's move was a bear trap, and this is a descending wedge.
Finally I bought some GS yesterday, this is a swing trade, so my stop is below the last swing low.