Quite a complex chart with mixed reading, so I have both an impulse and corrective wave uploaded, similar in characteristics to the $INTC chart, which has not found its direction for the last 24 months.
On the chart we can see that if the price goes above the green line at $91, the impulse wave is confirmed in the bull case, any rejection before this level and this will move down in 5 waves as shown.
The price is testing the 50 Day MA from below, so both scenarios are certainly still in play.
Not somewhere I would consider starting a position, holders here should stick with it for now.
TommyJR
2023-09-03 22:12:09 +0000 UTCAdam L
2023-09-02 19:56:15 +0000 UTC