the INTC short set-up recently posted triggered yesterday on a breakdown from that rising wedge. the original charts that i posted (click here to view original charts and notes) were a 2-day period and a monthly chart. i have update the trade with a daily chart below, highlighting the breakdown but also adding a potential support horizontal support level that INTC needs to break to get this trade rolling. keep in mind that as per that monthly chart in the original post, this trade could possibly morph into a longer-term swing short if INTC fails here at that monthly trendline resistance level. initial target marked on daily chart below.
