Looking to bearishly breakout of a Rising Wedge
This is an update to a previous chart of intel where i took 10 months of price action and called a diamond bottom. Now in this new edition i am adding a Rising Wedge along with the bearish crossing of the MACD. Will price action continue to so smoothly follow the rules of the patterns on Intel? We Shall see..
I believe that a reasonable target for a breakdown of the wedge will be towards the 200 SMA and EMA at Around 54 dollars or so.
I believe that a reasonable target for a breakdown of the wedge will be towards the 200 SMA and EMA at Around 54 dollars or so.
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