21Dec
Intel Corp., Elliott Wave Technical Analysis 21 December 2022
Intel Corp., Elliott Wave Technical Analysis 21 December 2022
4 Hour
Intel Corp., INTC: 4-hour Chart, December 21 2022
Intel Corp., Elliott Wave Technical Analysis
INTC Stock Market Analysis: WE can see how it is accelerating to the downside as we are in wave iii of (iii) which confirms the overall count. Looking for a pullback in wave iv soon.
INTC Elliott Wave count: Wave iii of (iii).
INTC Technical Indicators: Below all averages.
INTC Trading Strategy: Looking for shorts into wave v on the pullback in iv. We could get wave iv trying to look for resistance on the 20EMA.
Daily
Intel Corp., Elliott Wave Technical Analysis
Intel Corp., (INTC:NASDAQ): Daily Chart, December 21 2022,
INTC Stock Market Analysis: Price has been moving as expected, almost a textbook scenario. We bounced off the parallel channel and we are now extending lower. Looking for wave {iii} to be broker as wave {iv} seems to be finished.
INTC Elliott Wave Count: Wave (iii) of {v}.
INTC Technical Indicators: Below all averages.
INTC Trading Strategy: Looking for shorts into wave (v).
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