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Intel Corp., Elliot Wave Analysis

2/24/2023 10:16 AM

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, a local correction has ended as the fourth wave iv of C, and the wave v of C is developing. If the assumption is correct, the price of the asset will fall to the area of 20.00–17.00. In this scenario, critical stop loss level is 31.30.

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