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Intel Corp., Elliot Wave Analysis
8/26/2022 11:25 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 has developed and a local correction is forming as the fourth wave iv of C. If the assumption is correct, after the end of the correction, the price of the asset will fall to the area of 29.00–24.40. In this scenario, critical stop loss level is 44.92.
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