AMD, atm in a wave 4 ("Minor"), wave b ("Minute"). TPs for this move shown in the chart. During next week, the stock will find a bottom and start to complete the cycle ("Minute"-wave 5) with a double top or a new HIGH. Probable TPs are 16,06 (1,618 of wave 1 (dark red), measured from 13,39) or above. Line study: AMD is still in its channel (black dotted lines). A probable wave "4" often terminates right below a lower trendline. So, be aware of a beartrap
Kommentar
⋅
AMD will shoot tomorrow, after having found a little bottom (in another abc)? See below on 5m...