The chart included here is a weekly chart of General Electric (Ticker: GE).
GE has recently pulled back into a “value zone” between the 18 and 40 week simple moving averages.
A 76% Green Wave is starting soon and agrees with a longer-term red wave forecast. Price will likely need time to consolidate after the selloff before the renewed bullish bias begins.
Note: Look for price action to follow the directionality of the red wave. The green wave forecast is purely calendar-tied, meaning share price is likely to to be higher by the time the green wave terminates.
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