INTC: Long Term Target Hit- Waiting For Resolution #Intel

105 5 3

We have interesting set up with Intel             . We have hit a long term Fibonacci extension target giving us a three drivers completion. But the situation is more complicated, as we have been trading range bound for some time since the target was hit.

I am waiting for resolution, and I although unsure, will say I think a short in more likely from this level. But right this second I think bears will eventually have their day.

Best of luck,

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Thank you.
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I'm long, but yes, it's a monthly move in the making.

Yeah, I can see your logic there, had I seen it yesterday, I would longed into the range and countered at the demand, but missed it.
TomProTrader PRO TomProTrader
I would have*
IvanLabrie PRO TomProTrader
Yep, that move. Now waiting to see if it breaks up...which would be cool considering my SL.
I'm off to sleep, good evening.
Good night Ivan.
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