Intel CorporationShort
Further downside is seen before a strong rally occurs
The sub-wave from 24th Jan till present is a greater ABC corrective price action which we foresee a further downside to form wave C near US$40.00 as the last leg of the 5th wave is not completed yet. Price action also suggests a continuation of the bearish pattern as there is a bearish pennant formation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.