SUMMARY
Here is a long term chart of Intel (INTC) to help you become more long term greedy. The near vertical move of INTC during late 1990s generated an all time high that still remains so. I gues Moore's law doesn't apply to the price of INTC! The resulting ABC correction had the A wave as the longest and the C as shorter. How can the rest of price action be used to forecast potential price pathway?
From red C wave, price moved in an impulsive manner where waves 1 and 2 are complete while 3 is nearly so. Waves 4 and 5 remain to be had.
IF pattern is also applied; the uncanny Cup & Handle for INTC can't be missed. IF the pattern is correct, then the handle portion coincides with wave 4 and so won't be so deep. Regardless; once wave 3 completes, a correction can be expected. Wave 5 could provide a new all time high; but since symmetry is pretty important for patterns; it may not.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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This post has been downvoted, it is a @flagtarget.
READ: Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.
They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the potential rewards from those three.
Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see they posts are doing quite well.
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the great informative useful post.
outstanding job sir @haejin
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I've read your story completely.it was very good.i appreciate with you.
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I prefer to use candle sticks instead of Elliot wave.
Have you ever tried candle sticks.
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He has 1 week candles in his post.
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Que buen post me gusto muy interesante , saludos.
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nice informative post.beautiful
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Can you do an update for Next (NXT), sir
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lets us all hope that bull run is finally here
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seems Intel is gonna be back in business and with AI and quantum around the corner, it could go up higher.
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