Image Source: Unsplash
 

Intel Corp., Elliott Wave Technical Analysis

Intel Corp., (Nasdaq: INTC): Daily Chart, 25 April 2023.

INTC Stock Market Analysis: Moving as expected, we could definitely be in wave {v} of 3 as we are resuming lower in a decisive manner.  

INTC Elliott Wave Count: Wave {v} of 3.  

INTC Technical Indicators: Below all averages.

INTC Trading Strategy: Looking for a pullback in wave (ii) of {v} to then look for shorts.

Analyst: Alessio Barretta

Intel Corp., INTC: 4-hour Chart, 25 April 2023.

Intel Corp., Elliott Wave Technical Analysis

INTC Stock Market Analysis: Looking for further downside into wave {v}, ideally we will get more confirmation one we break the green line. We have an overlapping structure at the beginning od the down move which then resulted in an acceleration lower, which many times stands for a series of ones and twos that turn into a series of threes and fours.  

INTC Elliott Wave count: Wave (i) of {v}.  

INTC Technical Indicators: Below all averages.

INTC Trading Strategy: Looking for a pullback in wave (ii) of {v} to then look for shorts.

More By This Author:

Elliott Wave Trading Strategies: SP500-Nasdaq-Russell 2000-Dow Jones
Elliott Wave Technical Analysis: Bitcoin, Tuesday, Apr. 25
Elliott Wave Analysis: U.S. Stocks