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RizeSenpai

Looking to bearishly breakout of a Rising Wedge

Short
Intel Corporation (NASDAQ:INTC)  
RizeSenpai  
NASDAQ:INTC   Intel Corporation
Harmonic Patterns Technical Indicators Chart Patterns Rising Wedge Bearish Crab diamondbottom macdcross
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harmonicpatterns indicator chartpattern risingwedge bearishcrab diamondbottom macdcross
This is an update to a previous chart of intel where i took 10 months of price action and called a diamond bottom. Now in this new edition i am adding a Rising Wedge along with the bearish crossing of the MACD. Will price action continue to so smoothly follow the rules of the patterns on Intel? We Shall see..

I believe that a reasonable target for a breakdown of the wedge will be towards the 200 SMA and EMA at Around 54 dollars or so.

Idee correlate

RizeSenpai
Intel at PCZ of Bullish Gartley with Bullish Divergence
RizeSenpai
Slightly Late Bullish Gartley Entry on Intel
RizeSenpai
Interesting Look on Intel's price action over the last 10 Months
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