General Electric (NYQ:GE) has rallied today by over 4.5%. But this rally was anticipated by Elliott Waves as far back as 22 June 2020. At that time, the stock was trading about the same levels as today, i.e. at $7.04. In an analysis shared with my member, I had suggested that we wait for a dip to $6.67 or max $5.99 and buy that dip for a significant rally. Elliott Wave analysis was suggesting either a wave C or a 3rd wave from one of those levels. Where do you think it went to?
General Electric dipped to $6 on 31 July 2020 and rallied by 11%from there. But that was not the real rally! We got one more attempt to the downside, making a low of $5.93 on 11 September 2020 and that marked the end of this leg of the bear cycle.
The Elliott Wave chart below shows my rationale for anticipating a big up move in General Electric. If you are interested in learning how to spot such fantastic low-risk entry points, you should look up https://elliottwaves.com. I have published my online educational program that teaches you how to really USE Elliott Waves to profit consistently.
General Electric rally as anticpated.
![General Electric rally anticipated by Elliott Waves](https://blog.wavetimes.com/wp-content/uploads/2020/09/GE-23Jun20.jpg)
If you like to see another trade on GE, where I anticipated a rally of 17% using Elliott Waves, it is here.
And my signature online ElliottWaves program is at https://elliottwaves.com/