Shares of Goldman Sachs (GS) have been trading sideways in 2016 as we can see in the weekly chart. But, it might be ready to continue its long-term uptrend. GS Weekly Chart 9/23(click to enlarge)2015 correction, 2016 consolidation, broken trendline:- The weekly chart shows that GS has been bullish since 2012.- The bull run ended in June 2015.- Then after retreating from 218 down to 138, price flattened early in 2016. - During this sideways consolidation, price has already broken a falling trendline.Double bottom:- The consolidation so far has the structure of a double bottom. - The double bottom is already complete, but price is now challenged in the 168-171.50 area, which involves a support/resistance pivot area. - If price can push above 171.60, GS has at least the 180 handle and previous resistance pivot in sight. - If 180 is the conservative outlook, the 197-200 area would be a viable bullish target for a successful 2016 double bottom. - Now, if there is a pullback to test the double bottom, a hold above 160 would be a good sign. But it might need a break below 150 to convince the market that this is a failed double bottom. - A failed double bottom would suggests further downside, making the 137.40-138.20 support area and on the year vulnerable.