Falling Wedge- Bullish - Update
Just posting a quick update here as GS has pulled back with the broader markets- Still bullish as GS respected support nicely and is holding within a nice falling wedge. Buyer volume starting to pick back up along with some bullish hidden divergence on the RSI & a golden cross on the MACD. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, see previous charts attached below for previous price targets.
- Falling Wedge
- MACD Cross on the 4-Hour Timeframe
- 8-Day EMA & RSI are About to Cross on the 4-Hour Timeframe (Not Pictured)
- Bullish Hidden Divergence on the RSI on Shorter Timeframes as well
- Gap Fill on the upside circa $395.90-398.90
- Double Bottom off Support and Bullish Hammer off the VWAP on the Hourly Timeframe (Not Pictured)
-Previously Charted-
- Falling Wedge
- MACD Cross on the 4-Hour Timeframe
- 8-Day EMA & RSI are About to Cross on the 4-Hour Timeframe (Not Pictured)
- Bullish Hidden Divergence on the RSI on Shorter Timeframes as well
- Gap Fill on the upside circa $395.90-398.90
- Double Bottom off Support and Bullish Hammer off the VWAP on the Hourly Timeframe (Not Pictured)
-Previously Charted-
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Price Targets Reached ✅