GE 1 month Boom or bust?We have two scenarios on the table for GE here. If it holds support at the 89% fibonacci level then we can expect a potential move much higher shown with green boxes as targets. I derived these targets using fibonacci extensions. the elliot wave subwaves are in yellow.
If it breaks below the 89% fibonacci level we can expect a potentially devastating scenario with it going to zero.lets stay optimistic and go long with the stop just below the 89% fibonacci level as it seems the more likely outcome.
Good luck and happy trading
