GE: retrace back to its 23.6% Fibonacci retracement level?
A price action below 130.00 supports a bearish trend direction.
Expect further downside potential for a break below 129.00.
The target price is set at 126.00 (its 23.6% Fibonacci retracement level).
The stop-loss price is set at 132.00 (upper range of the inclining channel pattern).
The price action in an inclining channel pattern suggest that the correction might be temporary.
Expect further downside potential for a break below 129.00.
The target price is set at 126.00 (its 23.6% Fibonacci retracement level).
The stop-loss price is set at 132.00 (upper range of the inclining channel pattern).
The price action in an inclining channel pattern suggest that the correction might be temporary.