$INTCon is navigating a highly volatile period on the 15-minute chart following a steep rejection from its local peak. After a strong bullish expansion that topped out exactly at $115.38, a massive influx of selling volume triggered a sharp, cascading correction that erased most of the recent intraday gains. The price dropped rapidly before finding short-term support and printing a modest recovery wick up to $109.71. This aggressive pullback suggests significant overhead supply near the highs, but the current consolidation indicates a fierce battle between buyers trying to form a higher low and sellers attempting to break the structure. If the bulls can stabilize the price above the $108.00 region, a recovery leg remains possible, whereas a breakdown past recent wick support will invite a deeper test of the absolute daily lows.
First target is $115.38 which represents the heavy overhead resistance and local high. Second target is $116.12 to break out into new intraday territory above the current peak structure. Third target is $104.93 for a full retest of the critical downside support base.