The ( INTC ) share has broken the 1st support line lately. This support line is above the KUMO, which means that the INTC is in long term. The weekly diagram shows but an overbought . The monthly is too.
So the first think in mind is that INTC solved upwards a 10years reversal pattern and now make some consolidates on its new price level around $30. The last time that Intel share worth $30 was Feb 2004. So this is a new age for Intel . is and declines. The is usual.
There is no special pattern except of the at local top (@31.06). The share is over the KUMO and Kijun Sen (blue line) too but now the Tenkan Sen (green line) is resistance .
There is a bottoming special pattern of reversal these ten years (as I mentioned above – see related link). The fib from $21.90 to $26.71 shows a step over the 1.618 at $29.68 and a 2.618 @$34.49.
So I think that the correction will stop at the second support line or $29,68 the lower. On the other hand the share will consolidate for a while until it start the uptrend again. This share is for the long term investors.