GENERAL MOTORS - GM
Monthly chart shows consolidation wave pattern made into the $43.20 high.
Weekly chart shows more clearly the corrective consolidation pattern. Strong selling evident past week.
Daily chart shows small head and shoulders reversal pattern in place. Increased selling pressure evident as sellers rushed to the exits - gapping down the price at the open in their haste to exit. Look for downside pressure and a test of the $18 lows.
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