Intel has formed a bullish Crab at the end of October, followed by a bearish Shark in January. After returning to the upward trend, it has recently bounced off from the resistance level at around $62.50 (red rectangle).
However, if it breaks that resistance line, we have multiple possible harmonic formations that can form above:
Around $59, we have a support line (green line).
There is a lot going on in this chart, so here is another one without harmonic predictions: tradingview.com/x/7SIFaykD/.
All the formations use 5% error margin.
However, if it breaks that resistance line, we have multiple possible harmonic formations that can form above:
- Bat at $64-$66
- Alternate Bat at $69-$72
- Crab at $74-$71
- or even a Butterfly at $78-$75
Around $59, we have a support line (green line).
There is a lot going on in this chart, so here is another one without harmonic predictions: tradingview.com/x/7SIFaykD/.
All the formations use 5% error margin.
You can find more information about our scripts at patternshunters.com/
Related publications
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.
You can find more information about our scripts at patternshunters.com/
Related publications
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.