🚀 3 Reasons Why Goldman Sachs (GS) Still Looks Bullish (Despite a Bearish Candle)
Goldman Sachs is in a bullish trend, but the latest candlestick is flashing a warning. Here's why GS still looks strong — and what to watch for next 📈
1️⃣ Candlestick pattern – long upper shadow
The long upper shadow shows sellers pushed the price down from the highs, signaling resistance. While bearish short-term, it often happens during strong trends as the market breathes before pushing higher.
2️⃣ High volume on a bearish candle
The negative volume shows resistance, but it may actually represent bear exhaustion. High volume without a breakdown
suggests bears tried to push it down — and failed. Classic fake-out.
3️⃣ Volume oscillator still rising
Despite the pullback candle, the volume oscillator is holding above zero and trending up, showing momentum is still on the bulls' side.
🔥 Rocket Booster Strategy still intact
✅ Price above 50 EMA
✅ Price above 200 EMA
⚠️ Just a temporary shakeout? If the next candle confirms support, GS may continue the bullish push.
⚠️ Disclaimer: Always use a simulation (demo) account before trading with real money. Learn proper risk management and profit-taking strategies to protect your capital.
Goldman Sachs is in a bullish trend, but the latest candlestick is flashing a warning. Here's why GS still looks strong — and what to watch for next 📈
1️⃣ Candlestick pattern – long upper shadow
The long upper shadow shows sellers pushed the price down from the highs, signaling resistance. While bearish short-term, it often happens during strong trends as the market breathes before pushing higher.
2️⃣ High volume on a bearish candle
The negative volume shows resistance, but it may actually represent bear exhaustion. High volume without a breakdown
suggests bears tried to push it down — and failed. Classic fake-out.
3️⃣ Volume oscillator still rising
Despite the pullback candle, the volume oscillator is holding above zero and trending up, showing momentum is still on the bulls' side.
🔥 Rocket Booster Strategy still intact
✅ Price above 50 EMA
✅ Price above 200 EMA
⚠️ Just a temporary shakeout? If the next candle confirms support, GS may continue the bullish push.
⚠️ Disclaimer: Always use a simulation (demo) account before trading with real money. Learn proper risk management and profit-taking strategies to protect your capital.
Disclaimer
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.
Disclaimer
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.