Intel 50% bear market rally
Updated
** 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
** 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
Trade active
Support confirmed.Note
20% so far.... hold...Trade active
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.
Note
$4-5 to go until target. A very nice 50% return.
Don't allow yourself to believe "this is the recovery", far from it.
Note
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.
Note
§30-31 coming soon
exit at this time.
Trade closed manually
$26 was as high as it got.
Bear market continues.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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