Intel CorporationShort
INTC SHORT
using , inverse vix fix from trader masa crypto we see that on the weekly chart
we are at a top , The Thomas demark sequential 9 was also been completed signaling a weakness the 2 indicators in confluence is a high chance of a downtrend occuring.
I chose target based on fib at 50% from the low to high of the upptrend.
and place stop above the 9 sequential being that a price above that area would make this trade no longer valid.
stop 51.78
entry at current price
target 41.76
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