Next Volatility Period: Around November 5th

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(INTC 1M Chart)

The price has broken above the 28.93 level, indicating a long-term uptrend.

The basic trading strategy is to buy in the DOM(-60) ~ HA-Low range and sell in the HA-High ~ DOM(60) range.

Accordingly, the resistance zones are 47.33-49.82 and 55.20-56.48.

The 47.33-49.82 range corresponds to the HA-High ~ DOM(60) range formed on the 12M chart.

Therefore, we should consider the overall resistance zone to be 47.33-56.48 and develop a response strategy.

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(1W chart)

We should examine whether the price can sustain above the downtrend line (1) and rise along the uptrend line (2).

Since the HA-High indicator on the 1W chart is formed at 45.36, the key question is whether the price can rise above 45.36 and maintain its position.

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(1D chart)

If the upward trend fails along the uptrend line (2), we should check for support near 36.92.

If not, there's a chance the M-Signal indicator on the 1W chart will touch it.

If the price remains above the HA-High ~ DOM (60) range (35.50-36.92) on the 1D chart, a stepwise uptrend is likely.

However, the price must break above the HA-High ~ DOM (60) range on the 1W and 1M charts.

Therefore, the first hurdle is whether the price can rise above 45.36 and maintain its position.

The next period of volatility will be around November 5th.

After this period of volatility, we need to see if the price stays above the downtrend line (1) and rises along the uptrend line.

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Thank you for reading.
We wish you successful trading.

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