AMD: AN ALTERNATE COUNT
Although I have been bearish about AMD in the past, and still believe AMD may be due for a big correction downwards to about 7 USD, I also came up with this count as another possibility that way we can assess all options.
If we look at AMD at a larger TF, on weekly candles, we can see that it is an impulse 5 waves up. We saw a wave 4 correction in Sept-Nov of 2018 and have now started Wave 5 to the top.
AMD Weekly Candles:
We have now already completed and Wave 1 and 2 sub waves within the larger 5th Wave:
In the shorter term, we have started Wave 1, of Wave 3. I expect the Wave 1 within the Wave 1 to go down to either 22.3 usd, or 21.93 usd. If we went to 22.3 usd, this would give us a target for the larger Wave 1 of 29.44 usd, at our 2.272 fib. But if we look at our major resistance levels we can see that the next one up lines up perfectly with the 2.0 fib, so I would expect the 1st Wave to go to 28.6 USD instead:
This is my primary AMD count:
Disclaimer: This is my prediction and I am posting for education purposes only.
If we look at AMD at a larger TF, on weekly candles, we can see that it is an impulse 5 waves up. We saw a wave 4 correction in Sept-Nov of 2018 and have now started Wave 5 to the top.
AMD Weekly Candles:
We have now already completed and Wave 1 and 2 sub waves within the larger 5th Wave:
In the shorter term, we have started Wave 1, of Wave 3. I expect the Wave 1 within the Wave 1 to go down to either 22.3 usd, or 21.93 usd. If we went to 22.3 usd, this would give us a target for the larger Wave 1 of 29.44 usd, at our 2.272 fib. But if we look at our major resistance levels we can see that the next one up lines up perfectly with the 2.0 fib, so I would expect the 1st Wave to go to 28.6 USD instead:
This is my primary AMD count:
Disclaimer: This is my prediction and I am posting for education purposes only.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.