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Intel Corp., Elliot Wave Analysis
12/16/2022 10:24 AMThe price of the asset is in a correction, a 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 formed, and a local correction is developing as the fourth wave iv of (v), within which the wave (b) of iv is forming. If the assumption is correct, the price of the asset will fall to the area of 22.00–17.00. In this scenario, critical stop loss level is 36.67.
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