GE looks like it is consolidating, however the Wave count shows it remains within a bearish trend. The first big leg down from 27.30 to 25.50 has been marked as wave (A) and now looking for wave (C).
Wave (w) gives a strong indicator that we should still see another leg lower, offering an excellent sell oppurtunity at 26.21 for the next leg down.
Breach of wave (B) highs at 26.32 Invalidates count.
Wave (w) gives a strong indicator that we should still see another leg lower, offering an excellent sell oppurtunity at 26.21 for the next leg down.
Breach of wave (B) highs at 26.32 Invalidates count.
