We are in a consolidation, and the 13.19 is a ceiling for GE, while the 12.94 is a floor. According to Al Brooks, 80% of the breakouts are going to be false, so we must be careful.
The time to buy is near the support, but thereās a chance weāll see a breakout from the 13.19.
We have a possible advanced breakout in the 4h chart, and if confirmed, this can make GE fly and close the gap around 13.90.
This is something that favor the buyers, but again, letās wait for the confirmation on the price action! Also, the 20ma is right there above us, so, we must see a good breakout as soon as possible.
If you liked this trading idea, remember to click on the āFollowā button to get more trading ideas like this, and if you agree with me, click on the āAgreeā button š.
See you soon,
Melissa.
The time to buy is near the support, but thereās a chance weāll see a breakout from the 13.19.
We have a possible advanced breakout in the 4h chart, and if confirmed, this can make GE fly and close the gap around 13.90.
This is something that favor the buyers, but again, letās wait for the confirmation on the price action! Also, the 20ma is right there above us, so, we must see a good breakout as soon as possible.
If you liked this trading idea, remember to click on the āFollowā button to get more trading ideas like this, and if you agree with me, click on the āAgreeā button š.
See you soon,
Melissa.