Intel Corporation (INTC) can be trading in a bullish impulse, up from 2008. We can see completed legs (1), (2), and (3), meaning price activity since the beginning of 2020 can belong to a corrective wave (4). We see sub-wave C of (4) underway, which can look for support at former swing lows, and at Fib. ratio of 50.0 (43.7/42.4 level).
Intel Corporation, weekly
Want more Elliott Wave Analysis on a daily basis? Click Here And Try our services for 7 Days
By using www.ew-forecast.com website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.ew-forecast.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.