Three targets for three different types of traders

GE has been on a massive downtrend for an extended period of time. Many have attempted to call a bottom, but without an understanding of price distribution, this would be impossible. Suppression is almost complete on the daily chart, and I expect this to move to higher timeframes as well. Markets move in cycles and downtrends cannot be sustained until price must return to an equilibrium, several of which I have laid out for you today. The differing targets are for traders who differ in the duration of the position being held. Targets such as these are chosen based on daily and weekly VPVR, which shows you the market's memory of price and purchasing behavior. The downtrend will cease in a low volume node area and will return upwards to a place of equilibrium. I have attached several charts below which show the trend on higher timeframes, as well as places where price targets were chosen from. Purchasing power will increase. The if the DOW continues to move in its downtrend, it is a possibility, that retail investors will be looking to return to "safe" stocks as Amazon nears the top of its run. As I am relatively new to charting normal stocks, predicting the timeframe of the upward cycle is not something I can do at this time, but something I will be looking to do in the near future.

It is also noted that the price did not hit the .786 retrace, which is still a possibility, but it seems more likely that it will not be allowed to reach that point since GE has been accumulated on the backside of the market movement for some time now.

액티브 트레이드:

Lower high. Didn't mean to comment this. Late night

코멘트:

GE continuing to have actually found the bottom of the downtrend. Inverting the chart gives you a different view of the trend. If it looks like its going down, its going up (and vice versa).

코멘트:

Actually in an uptrend on 1h. 4hr testing the same kinda thing. It's absolutely bottomed after all these years.

코멘트:

Still learning the r/r ratio stuff so you would have gotten stopped out. Paper rebut at the bottom of this dip, but If I would have had my indicator I have now, I would have bought closer to 13 rather than high 13.