GS appears close to complete the forming of right shoulder. The stock is unable to break the uptrend support turned resistance line & its 50D MA. If GS breaks the neckline, the stock may be sent down to $144.
Other Technical Indicators (MACD, Parabolic SAR, RSI, Stochastic, Bollinger Band) start to show bearish convergence.
China Fishery has started the 5th Wave, normally the biggest wave of an Elliott Wave. The retracements are very well fitted in this Fibonacci Retracement.
Wave 1 & Wave 2: Retracement from 100% level to 61.8% level
Wave 3 & Wave 4: Retracement from 123.6% level to 100% level.
Will Wave 5 & Wave A retrace from 150% ($1.638) level to 123.6% ($1.433) level, before moving to 161.8% ($1.729) level? This pattern may help me to make some money.
