Intel 50% bear market rally

11 Sep

** 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 Sep

Trade aktif

Support confirmed.

25 Sep

Catatan

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

7 hari yang lalu

Trade 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.

kemarin

Catatan

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