Overview: this week, AMD followed our expectations perfectly. Let's review a few key points from my August 14th update:
1) I believe that AMD has topped and going lower for the last bearish leg, wave (Z).
2) a decisive breakdown of the hourly bullish channel can be considered as the ultimate confirmation of this count.
Update: let's look at the 4-hour chart: I think we are in wave III of (c) of I of A of (Z). The breakdown of the hourly bullish channel happened in the previous week and we also formed/broke a h&s pattern (blue trendline).
1) I believe that AMD has topped and going lower for the last bearish leg, wave (Z).
2) a decisive breakdown of the hourly bullish channel can be considered as the ultimate confirmation of this count.
Update: let's look at the 4-hour chart: I think we are in wave III of (c) of I of A of (Z). The breakdown of the hourly bullish channel happened in the previous week and we also formed/broke a h&s pattern (blue trendline).
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.