GE
After putting in a pretty clear topping pattern, GE price action is working it's way through a descending triangle.
With rates rising, I am expecting price to fall out of the triangle and run down the pitchfork to the 0.5 to 0.618 Fib level.
Price target = $70 - $77 range.
After putting in a pretty clear topping pattern, GE price action is working it's way through a descending triangle.
With rates rising, I am expecting price to fall out of the triangle and run down the pitchfork to the 0.5 to 0.618 Fib level.
Price target = $70 - $77 range.
Comment:
Yep.