Intel - 4 possible harmonic patterns
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:
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.
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.
You can find more information about our scripts at patternshunters.com/
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