INTC Elliott Wave Update: ABC Correction Fails – Wave 5 Impulse Targets $45+
Published: Dec 3, 2025 | Bullish Reversal | Wave Invalidation
Last week's Idea forecasted a C-wave drop to $30-33 in an ABC correction from the $42.48 high. However, INTC's explosive rally—breaking decisively above $42.48 on Dec 2 (now ~$42.92)—has invalidated the ABC setup entirely. The failure stems from B-wave extension beyond 100% retracement (A-low at $33), coupled with volume surge (1.5B shares) and MACD golden cross (0.934 bullish), signaling exhaustion of correction and bullish impulse resumption. This reclassifies the prior ABC as Wave 4's sub-correction, launching Wave 5 from the $33 low.
Key Signals:
Invalidation Confirmation: Price holds above $42.48 with no C-wave probe; RSI divergence (69.7) resolves bullishly short-term.
Targets: $44-45 (channel extension, 1 week); $48+ on Q4 Foundry beat (>20% growth, Jan 2026).
Risks: $40 support—break below eyes $38 retest (30% odds).
Disclaimer: This analysis is for educational purposes only and is not investment advice. Please do your own research (DYOR) before making any trading decisions.
Published: Dec 3, 2025 | Bullish Reversal | Wave Invalidation
Last week's Idea forecasted a C-wave drop to $30-33 in an ABC correction from the $42.48 high. However, INTC's explosive rally—breaking decisively above $42.48 on Dec 2 (now ~$42.92)—has invalidated the ABC setup entirely. The failure stems from B-wave extension beyond 100% retracement (A-low at $33), coupled with volume surge (1.5B shares) and MACD golden cross (0.934 bullish), signaling exhaustion of correction and bullish impulse resumption. This reclassifies the prior ABC as Wave 4's sub-correction, launching Wave 5 from the $33 low.
Key Signals:
Invalidation Confirmation: Price holds above $42.48 with no C-wave probe; RSI divergence (69.7) resolves bullishly short-term.
Targets: $44-45 (channel extension, 1 week); $48+ on Q4 Foundry beat (>20% growth, Jan 2026).
Risks: $40 support—break below eyes $38 retest (30% odds).
Disclaimer: This analysis is for educational purposes only and is not investment advice. Please do your own research (DYOR) before making any trading decisions.
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“Discussion is welcome. Respect all views — markets are dynamic.”
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。