Intel Corp.: wave analysis
17 August 2018, 09:44Scenario | |
---|---|
Timeframe | Weekly |
Recommendation | SELL |
Entry Point | 47.16 |
Take Profit | 42.80 |
Stop Loss | 50.63 |
Key Levels | 42.80, 50.63, 57.60 |
Alternative scenario | |
---|---|
Recommendation | BUY STOP |
Entry Point | 50.70 |
Take Profit | 57.60 |
Stop Loss | 48.40 |
Key Levels | 42.80, 50.63, 57.60 |
The price can fall.
On the 4-hour chart, the downward correction develops as a fourth wave 4 of the higher level. Locally the wave a of 4 is forming, within which the wave (iv) of a has ended, and the wave (v) of a is forming. If the assumption is correct, the price will fall to the level of 42.80. The level of 50.63 is critical and stop loss for this scenario.
Main scenario
Short positions will become relevant during the correction, below the level of 50.63 with the target at 42.80. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 50.63 will let the price grow to the level of 57.60.
On the 4-hour chart, the downward correction develops as a fourth wave 4 of the higher level. Locally the wave a of 4 is forming, within which the wave (iv) of a has ended, and the wave (v) of a is forming. If the assumption is correct, the price will fall to the level of 42.80. The level of 50.63 is critical and stop loss for this scenario.
Main scenario
Short positions will become relevant during the correction, below the level of 50.63 with the target at 42.80. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 50.63 will let the price grow to the level of 57.60.
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