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Intel Corp.(INTC:NASDAQ) Elliott Wave Technical Analysis October 3 2022


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Intel Corp., Elliott Wave Technical Analysis

Intel Corp., (INTC:NASDAQ): Daily Chart, October 3 2022, 

INTC Stock Market Analysis:We are in wave C part of a huge wave 2. I will be looking forshorts only.

INTC Elliott Wave count: (C) of {2}.

INTC Technical Indicators:All indicators are signaling bearish momentum.

INTC Trading Strategy: Looking to short any three wave upside pullback.

TradingLounge Analyst: Alessio Barretta

 

INTC_10_3.thumb.png.4445ad681feb5981cc46e9c34aa6230f.png

 

 

 

Intel Corp., INTC: 4-hour Chart, October 3 2022

Intel Corp., Elliott Wave Technical Analysis

INTC Stock Market Analysis: A textbook acceleration within a nest of waves threes. Looking formuch more downside to come.

INTC Elliott Wave count: iii of (v).

INTC Technical Indicators:All indicator are bearish, however we are starting to form RSIdivergence which could indicate we are preparing for a slightly larger pullback.

INTC Trading Strategy: Looking to short any three wave upside pullback.

INTC_4H.thumb.png.ec37b70ff0c32a1b611e084f88345746.png

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