INTC: Update: Bear Momentum Increasing, In The Money #Intel

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UPDATE: Anyone who followed my previous ideas is well in the money, so well done.

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. We are seeing follow through movement off these levels, and expecting bears to force their way in.

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,

NOTE: For personalized online and face to face tuition, or queries on my signals packages, message me here on Trading view, or email me with the email address provided on my Trading view profile page to take advantage of discounts.

Thank you.
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