Intel 50% bear market rally** short term study **
** This is not an investment opportunity, a trade only **
Since the 60% correction call (below) the market has oversold extensively leaving gaps behind. Gaps get filled.
On the above daily chart price action has printed strong positive divergence together with a price action resistance breakout.
The Gap is actually the break of market structure on the short idea. Buyers at this level will be a source of exit liquidity for the bear market continuation.
Is it possible price action continues correcting? Sure.
It it probable? No.
Ww
Type: trade
Risk: You decide
Return: 50%
60% correction call
