GS formed a Bullish Abandoned Baby (another name is Morning Doji Star) pattern a few days ago but the trend did not reverse to up trend. The trend will normally continue if there is a pattern failure, and the H&S formation remains valid for the time being. I am watching closely whether GS will break the neckline and the support of $158.4. If these two supports are broken, GS will start a deep correction to about $138 level.
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Showing posts with label Bullish Abandoned Baby. Show all posts
Showing posts with label Bullish Abandoned Baby. Show all posts
Friday, December 4, 2009
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