GE: retrace back to its 23.6% Fibonacci retracement level?
A price action below 130.00 supports a bearish trend direction.
Expect further downside price 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 movement within the inclining channel pattern indicates that the correction could be temporary.
Expect further downside price 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 movement within the inclining channel pattern indicates that the correction could be temporary.