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.
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/
6 Comments
Hi Sir, I just want to know wheather online course include pdf analysis of all past trades which you did and told to your club members? because If we get that we will get more exposure of elliottwaves trades execution by seeing past trades.
Abhinav, There are already 14 hours of videos there, much more than any other course in other platforms. Besides, you already know how vastly superior my approach is. I am adding new content at regular intervals and every time you learn something new. When we have more recent cases, why would you want pdf of past trades!! You should already be able to trade confidently even by going over what I have taught you, right?
Hello Mr Ramki
Are there any signs to help me differentiate between wave 1 whether it is an impulse wave or corrective wave A since both have 5 sub-waves thank.
Khalid,
This question has been addressed in detail in my online program via case studies. Briefly, a new impulse wave comes at the end of a correction. So if you are able to satisfy yourself that the preceding move has been made up of 3 waves (of which the last leg should be in 5 sub waves, being wave c), then you can comfortably anticipate the current 5 wave move in the opposite direction to be a wave 1, However, in my online course, I have taught you how to handle trades when you are operating in an environment of uncertainty. So please revsit that if you have already enrolled.
Thanks Sir for reply , Actually I am practicing Elliott waves from past 5 years and learned lot from you by your books and free blogs which you provided, and from my experience I am telling that more and more I see charts from your blogs and other sites which post Elliot wave analysis more I get comfortable and correlate things more .
As there are different cycles and conditions in market in different times , only a person who have seen waves in different cycles(bear, bull, corrective phase) could be more confident in approaching a trade.
Hence I just suggested idea of past trades pdfs in course..
Hope you understand my view!
Thanks
Abhinav, Thank you for your suggestion. I might consider this at a future date.