In this article, we will look at the Elliott Wave technical path for Intel (ticker: INTC). Most world indices is still trading within the 2009 cycle and should see more upside until the cycle ends. The 2009 cycle is ending because index like $SPY shows a clear five waves advance since 2009. This is a warning that a big three waves pullback can soon happen. We at EWF always believe in the idea that the market works as a whole. When we forecast the market, we always take into consideration the cycle, sequence, and correlation. The following chart shows the $SPY:


$SPY Monthly Elliott Wave Chart


The chart above shows the five waves advance since 2009 low and soon to pullback in 3 waves. We believe instrument like $XJO-ASX (Australian Index) and $FTSE (UK Index) both show bullish sequence within the Grand Super Cycle. Consequently, world indices will not see a huge decline like 2008, but it will still keep trending higher, after the three waves pullback.

Today, we will be taking a look at $INTC(Intel), which is showing a nice advance since all-time low but it still has not broken above 2000 peak. As we mentioned above, we do look at the market as a whole. Consequently, we believe that Intel will keep trading higher because of a variety of reasons.


Intel ($INTC) Monthly Elliott Wave Chart


Intel monthly chart above shows a Grand Super Cycle advance from 02.2009 low. This relates very well to World Indices. When world indices end wave (III) and start the pullback, Intell will also pullback. We believe the red wave III red will end at the same time.


Intel (INTC) Daily Elliott Wave View


Intel Daily Chart above shows that the rally from 10.2018 low still remains three waves. Thus, it should still do another leg higher to end the cycle. Overall, the stock should remain supported. It will provide a very nice opportunity to buyers looking for the $88.00 Grand Super Cycle Target, which is represented at the monthly chart with the Blue Box. It’s a nice long opportunity for years to come, but a warning is coming soon for a big three waves pullback. Keep buying until the target is reached.

FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD looks to test 1.0800 ahead of German ZEW

Despite the latest recovery attempt from a new 34-month of 1.0823 reached in early Asia, the sentiment around the EUR/USD pair remains undermined by the German economic growth concerns and broad US dollar strength. Focus on German ZEW, coronavirus updates.


GBP/USD extends losses to sub-1.3000 area, UK unemployment rate in focus

GBP/USD stays mildly negative just below 1.30 while heading into the London open on Tuesday. UK’s Brexit negotiator shares the same view as PM Boris Johnson, increases the risks of hard departure. UK employment statistics will be the key to clarify on the BOE’s bearish bias.


Forex Today: Risk sold amid coronavirus-led rising economic costs; a busy docket ahead

Despite upbeat US-China trade headlines and a slowdown in coronavirus infection in China, the risk appetite was battered in Asia this Tuesday, in light of the warning issued by Apple Inc. that highlighted rising economic costs due to the coronavirus impact.

Read more

Gold: Positive beyond six-week-old falling trendline

Gold prices take the bids above $1585, +0.35%, during the pre-European trading on Tuesday. The yellow metal recently broke a downward sloping trend line stretched from January 08. Early-month top on the buyer’s radar.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex Majors