Intel - Waiting for a Correction

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Continuing our look at Intel stock.
Analyzing the wave structure, it’s clear we’re not ready for a strong push up yet.
What’s needed now is a correction.

Most likely, the stock will retest or approach the recent highs before rolling into a corrective move.
The current structure is similar to NVDA - one final subwave up toward the peak, a mini-impulse, and then a deeper correction.

Additional confirmation for a correction comes from the impulse move down that started back in April 2021:

imagen

The fifth wave began in December 2023, and a return to those levels now seems very logical.
In other words, the move from April 2025 until today represents Wave A.

Conclusion:
A small initial push up, then a bigger move down.

Preliminary targets:
  • 36
  • 31


Bonus:
The current Intel chart in March 2020 resembles the present structure of TSLA, which is also covered in other ideas.

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