Technical analysis

Goldman Sachs Wave Analysis 12 February, 2021

Goldman Sachs Wave Analysis 12 February, 2021

• Goldman Sachs rising inside impulse wave (3)

• Likely to reach resistance level 310.00

Goldman Sachs continues to rise inside the steadily upward impulse wave (3) which starred earlier from the key support level 270.00, standing near the 38.2% Fibonacci correction level of the previous upward impulse from November.

The support area near the support level 270.00 was further strengthened by the lower daily Bollinger Band.

Give the prevailing uptrend – Goldman Sachs can be expected to rise further toward the next resistance level 310.00 (top of the previous impulse wave (1)).

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