Intel Corp. Elliott Wave Technical Analysis - October 3, 2022

Intel computer processor in selective color photography

Image Source: Unsplash

 

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 for shorts 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

Source Tradinglounge.com
 

 

 

 

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 RSI divergence which could indicate we are preparing for a slightly larger pullback.

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


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