Intel Corp.: wave analysis
06 August 2019, 09:27
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 47.00 |
| Take Profit | 42.11, 38.08 |
| Stop Loss | 51.00 |
| Key Levels | 38.08, 42.11, 53.43, 57.24, 59.55 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 53.50 |
| Take Profit | 57.24, 59.55 |
| Stop Loss | 52.25 |
| Key Levels | 38.08, 42.11, 53.43, 57.24, 59.55 |
The price may fall.
On the 4-hour chart, the downward correction of the higher level forms as the wave (4). Now, the wave B of (4) has formed as a zigzag, and the development of the wave C of (4) is beginning. If the assumption is correct, the price will fall to the levels of 42.11–38.08. In this scenario, critical stop loss level is 53.43.
Main scenario
Short positions will become relevant during the correction, below the level of 53.43 with the targets at 42.11–38.08. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 53.43 will let the price grow to the levels of 57.24–59.55.
On the 4-hour chart, the downward correction of the higher level forms as the wave (4). Now, the wave B of (4) has formed as a zigzag, and the development of the wave C of (4) is beginning. If the assumption is correct, the price will fall to the levels of 42.11–38.08. In this scenario, critical stop loss level is 53.43.
Main scenario
Short positions will become relevant during the correction, below the level of 53.43 with the targets at 42.11–38.08. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 53.43 will let the price grow to the levels of 57.24–59.55.
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