General Electric (GE): Bear Flag Fractal

in money •  7 years ago  (edited)

SUMMARY

General Electric, the behemoth that practically makes everything is like a Mammoth that stubled a couple of times. But he new CEO is proving to have some real gumption to transforming this giant from mediocre to a great company! The pair of bear flag fractals are prominent and each seems complete. There is a scenario for a lower low but it's unlikely for GE to go below $5.

The two flags fit well into an ABC corrective scenario as shown below and IF correct, the wave 1 and 2 of the five sequence are well underway! There is a count for a more complex correction but that'll be posted only when required.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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GE is going to tank!

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  ·  7 years ago Reveal Comment

buena suerte

  ·  7 years ago Reveal Comment

Thank you

  ·  7 years ago Reveal Comment

Redacted

  ·  7 years ago Reveal Comment

@haejin, what about forex, what does your experience say about forex? general guidelines to follow, in what way is it different from cryptos?
thanks!

  ·  7 years ago Reveal Comment

I really hope we see General Electric do well. They have been around forever and from what I understand, they have moved their headquarters and got some good people on board...besides their genius engineers! I say this whole heartedly as my father worked for GE for ages. I'd love it to go up so he has a couple buck in his pocket from holding onto their stock. -Respect

  ·  7 years ago Reveal Comment

Excellent Post, Thank you very much for your contribution. God bless you

  ·  7 years ago Reveal Comment

I agree with you !
A person should consult with a finance or investment professional to determine what is best for your personal needs.

  ·  7 years ago Reveal Comment

Wow you are good in what you are doing please keep it up cos people like me look up to you guys on steemit

  ·  7 years ago Reveal Comment

Thank you :)

  ·  7 years ago Reveal Comment

realizando buenas inversiones se logra el progreso..!!

  ·  7 years ago Reveal Comment