Intel Corporation

Intel - 4 possible harmonic patterns

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Intel has formed a bullish Crab at the end of October, followed by a bearish Shark in January. After returning to the upward trend, it has recently bounced off from the resistance level at around $62.50 (red rectangle).
However, if it breaks that resistance line, we have multiple possible harmonic formations that can form above:
  • Bat at $64-$66
  • Alternate Bat at $69-$72
  • Crab at $74-$71
  • or even a Butterfly at $78-$75


Around $59, we have a support line (green line).

There is a lot going on in this chart, so here is another one without harmonic predictions: tradingview.com/x/7SIFaykD/.

All the formations use 5% error margin.

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