INTC
End of day we came back out of demand but now looking at it differently. Think 58.78 is going to be important next week if my target of 62 is going to happen (62 is aggressive as 61.85 is the 50% retrace from the start of this overall market drop). If rejected at the supply of 58.78, will be watching and thinking this is the start to the corrective phase down.
58.78 would be 50% retrace for “b” within (a) down. But a retrace to 59.42 - 60 would lead me to think this is wave 2 of 5 down for corrective wave (a) which makes more sense as a-b-c corrections tend to go 5-3-5 waves.
Until Monday...
58.78 would be 50% retrace for “b” within (a) down. But a retrace to 59.42 - 60 would lead me to think this is wave 2 of 5 down for corrective wave (a) which makes more sense as a-b-c corrections tend to go 5-3-5 waves.
Until Monday...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.