General Electric Company: Elliott Wave Analysis

 

In this third chart that supports Ramki’s article on MarketWatch, you will see that we are anticipating the fifth wave to become an extended wave. According to Elliott, one of the three impulse waves is likely to extend, i.e. travel an unusually long distance in relation to the other two impulse waves. Because the first and third waves so far were of normal sizes, we should look for a longer-than-usual fifth wave.

Please click image to enlarge

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