AMD: Bear market scenario

If AMD and NVDA correct, this is the likely the worst-case bear case scenario for AMD. I have a feeling this is just a much needed pull back but this is just my bear-case analysis.

Per novamatic, the 1.618 fib acts as a "knife-catching" magnet. Using that along with the confluence from historic support, we can assume that will be the "bottom" on the correction.