INTC Long Term Elliot Wave Analysis

30 mag 2018

Long term sell opportunity for INTC approaching as we near completion of ascending triangle pattern. Watch for break down follow elliot wave completion or break downward of triangle. Target is volume profile support.

Elliot wave cheatsheet: i.imgur.com/0seX1P3.png

4 giu 2018

Nota

Monitoring this ascending wedge we are looking for: a) hit elliot wave target or b) clear break down from triangle before entering short.

7 giu 2018

Nota

Trade stands- monitoring

8 giu 2018

Trade attivo

Entry @ 55.39

18 giu 2018

Nota

Nice move down today. Reviewed short position to consider closing it early but it still looks good

27 giu 2018

Nota

Trade looks really strong. Daily RSI dipping hard to 27. Mean reversion upward should occur before we get more downside, and will likely close the gap to 52.16. Early TP here (@ 48.76) in anticipation of sideways/mean reversion could be excellent exit. Going to hold position for now.

2 lug 2018

Nota

49.80 today could be another good early exit and great profit. Going to hold position for now.