Solid News

Intel Corp., Elliot Wave Analysis

12/2/2022 10:05 AM

The price is in a correction, a fall is possible.

On the daily chart, the 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 formed, and a local correction is developing as the fourth wave iv of (v), within which the wave (c) of iv is forming. If the assumption is correct, the price will fall to the area of 22.00–17.00. In this scenario, critical stop loss level is 36.67.

Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023