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Intel Corp., Elliot Wave Analysis

11/18/2022 10:42 AM

The price 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). If the assumption is correct, after the end of the correction, the price will fall to the area of 22.00–17.00. In this scenario, critical stop loss level is 36.67.



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