Hello everyone. In today’s article, we will look at the past performance of the 1 Hour Elliott Wave chart of General Electric Co. ($GE). The rally from 10.23.2023 low unfolded as a 5 wave impulse. So, we expected the pullback to unfold in 7 swings and find buyers again. We will explain the structure & forecast below: $GE 1H Elliott Wave Chart 12.07.2023: 
Here is the 1H Elliott Wave count from 12.07.2023. The rally from 10.23.2023 peaked at blue (3) and started a pullback to correct it. We expected the pullback to find buyers at (4) in 7 swings (WXY) at $119.32 – 117.31. $GE 1H Elliott Wave Chart 12.10.2023: 
Here is the 1H update from 12.10.2023 showing the bounce taking place as expected. The stock bottomed at $118.17 and reacted higher after reaching the blue box area allowing longs to get a risk free position. We expect the stock to continue higher in wave (5) towards $124 – 126 before a pullback can happen.More By This Author:QQQ Should See Further Upside In Impulsive RallyIONQ Expects Choppiness In Double CorrectionApple Looking To Complete Impulsive Rally
Related Posts
How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000
Convergence: Hedge Fund Managers Will Need More Staff
India misinterpreted private crypto ban, says crypto bill creator- The Week Ahead: Recovering From Too Much Of A Good Thing?
Chart Of The Day – Gold And Gold Stocks
Energy Indicators
Leave A Comment