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Yuba_Tamazgha
Jun 13, 2014 9:56 PM

Long Term Outlook on Intel Short

Intel CorporationNASDAQ

Description

Intel is meeting all of the requirements of a Bearish Crab pattern . The prediction of the D leg slams right into previous structure of monthly resistance of the wave II cycle at $34.34. Would make for a perfect PRZ. Also, If we could get some divergence on the RSI, that would make for a better confirmation . Let's see where price action takes us.


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