Longer-term charts suggest Goldman will grope its way down to at least 115.61 this summer, but it’s too early to tell whether a lesser but even nastier pattern in gestation at this moment will wreak the maximum damage of which it is capable — i.e., a pounding down to 94.19. It’s shown in the accompanying chart, and the uncertainty yet remaining concerns whether there is a pop yet to come that will invalidate the existing point ‘C’.
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