INTC is low in range on this symmetric triangle that has formed after the channel down and seems to have made another Double Bottom. If this level holds and we dont have a drop lower into an "h", then 1.618 target on this should take us back up to the top of the range for the formation around $29.50 - 30.00.
We are also between the 618 & 786 time FIB so we are in range for a breakout. Since the triangle is symmetric, a breakout direction could be up or down equally.
If this triangle plays as a bear flag, the lower 1.51 target for that would be as low as $8.44. Not likely, but that's where the target lands.
We are also between the 618 & 786 time FIB so we are in range for a breakout. Since the triangle is symmetric, a breakout direction could be up or down equally.
If this triangle plays as a bear flag, the lower 1.51 target for that would be as low as $8.44. Not likely, but that's where the target lands.