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Intel Corp., Elliot Wave Analysis
8/12/2022 11:22 AMA fall is possible.
On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) forms. Now, the third wave of the lower level iii of C is developing, within which the wave (v) of iii is forming. If the assumption is correct, the price of the asset will fall to the area of 31.50–24.40. In this scenario, critical stop loss level is 40.73.
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