SUMMARY
Here is a long term chart of Intel (INTC) to help you become more long term greedy. The near vertical move of INTC during late 1990s generated an all time high that still remains so. I gues Moore's law doesn't apply to the price of INTC! The resulting ABC correction had the A wave as the longest and the C as shorter. How can the rest of price action be used to forecast potential price pathway?
From red C wave, price moved in an impulsive manner where waves 1 and 2 are complete while 3 is nearly so. Waves 4 and 5 remain to be had.
IF pattern is also applied; the uncanny Cup & Handle for INTC can't be missed. IF the pattern is correct, then the handle portion coincides with wave 4 and so won't be so deep. Regardless; once wave 3 completes, a correction can be expected. Wave 5 could provide a new all time high; but since symmetry is pretty important for patterns; it may not.
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