- A Major Reversal Head and Shoulders pattern completed on Intel .
- The price has taken the neckline for the pattern at 29.00-29.50 level.
- The Measured move or Ideal text book target is the distance from the head to the neckline, projected from the breakout below the neckline. And that points to another 29% decline. However, I see an appropriate first target at the main long term rising trend line shown on chart. A more aggressive target near the long term major support around 19.30.
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