Intel 50% bear market rally

11 Eyl 2024

** short term study **
** This is not an investment opportunity, a trade only **

Since the 60% correction call (below) the market has oversold extensively leaving gaps behind. Gaps get filled.

On the above daily chart price action has printed strong positive divergence together with a price action resistance breakout.

The Gap is actually the break of market structure on the short idea. Buyers at this level will be a source of exit liquidity for the bear market continuation.

Is it possible price action continues correcting? Sure.
It it probable? No.

Ww

Type: trade
Risk: You decide
Return: 50%



60% correction call

16 Eyl 2024

İşlem aktif

Support confirmed.

25 Eyl 2024

Not

20% so far.... hold...

1 Kas 2024

İşlem aktif

Remember, this is a bear market rally. Nothing more.
Expect a lot of selling pressure around 30 to 32 area.
Don't be the exit liquidity. Be the user of it.

7 Kas 2024

Not

$4-5 to go until target. A very nice 50% return.
Don't allow yourself to believe "this is the recovery", far from it.

24 Kas 2024

Not

Start profit taking, $30 remains likely to strike however the risk is unacceptable in my opinion.

A 3 week death cross is now confirmed.
You will not see a positive return on your investment until 2030 if you buy around $30 today.

2 Ara 2024

Not

§30-31 coming soon
exit at this time.

5 Ara 2024

İşlem elle kapatılmış

$26 was as high as it got.
Bear market continues.