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| GE sets up a high-odds CVx4 trading opportunity. October and December lows mark a possible trendline as the rally pulls back below 100. A Fibonacci grid drawn over the rally leg from 86 to 105 places the 50% retracement at the same location. But that's not all. The 50-day moving average cuts across the identical zone which also represents horizontal support from the November high at 95. Use this converging price level as your ET and enter the trade immediately when price strikes it. |
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