INCT: downside retracement, but first an 8% correction up

INTC

> Intel move this pre-market is trapping buyers imho.

> in my last post i predict this going to the $80 range, while that is still a possibility, i see from the latest order flow that the $90's range might be where it finds strong support. i would ideally be looking for a liquidly sweep from there to identify a viable SL to go long afterwards.

> liquidity levels (based of market structure & Fibonacci retracement) suggests that it will retrace a good 8-10-12 percent back up on a mild correction towards to 113 - 120 levels before continuing its downside move to the aforesaid PT's.

> you could trade the lower conviction correction, or simply wait for it to put its top and go short from there, thus putting your trade alongside the current trend and the overall ominous market sentiment.

> wishing you successful trading.

> Authors Notes

My approach to technical analysis is built on Fibonacci retracements, pivot zones, price action, smart money concepts, and classic chart patterns. I also use supporting tools and indicators—such as oscillators and moving averages—to refine my view. The chart itself reflects a simplified version of my process, as I prefer to keep visuals clean while incorporating additional analysis behind the scenes.