Intel at critical point to breake, it´s going to breake from here either direction in the long run and this move should be agressive one (elliott wave impulse 3). This is not shorter timeframe call to either direction.
Most likely QQQQ also pointing to the same direction. Last time Intel bearish wedge shoot the price down were after conferece call gave too light view about future. There´s also small horizontal triangle between 18-21 $, exact the same triangle as qqqq does now which going to be solved very quickly.
Bullish & Bearish charts available in here>
Elliott Wave & Fibonacci Charts
Something all indextraders & investors should keep watching
Most likely QQQQ also pointing to the same direction. Last time Intel bearish wedge shoot the price down were after conferece call gave too light view about future. There´s also small horizontal triangle between 18-21 $, exact the same triangle as qqqq does now which going to be solved very quickly.
Bullish & Bearish charts available in here>
Elliott Wave & Fibonacci Charts
Something all indextraders & investors should keep watching
