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.
“Discussion is welcome. Respect all views — markets are dynamic.”
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
“Discussion is welcome. Respect all views — markets are dynamic.”
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.