GE: retrace back to its 23.6% Fibonacci retracement level?

A price action below 130.00 supports a bearish trend direction.
Expect further downside potential for a break below 129.00.
The target price is set at 126.00 (its 23.6% Fibonacci retracement level).
The stop-loss price is set at 132.00 (upper range of the inclining channel pattern).
The price action in an inclining channel pattern suggest that the correction might be temporary.