AMD Weekly Harmonic Elliott Wave Analysis
Hi everyone,
Overview: I can confidently say that AMD followed my published idea of last weekend (generally since July 4th) in every single detail, just hit the play button to confirm (waves (b) and (c) of IV and then wave V).
Update: not much update is needed. Same as TSLA idea that I published, I expect Monday Aug 1st to be a topping candle on AMD, probably a fake breakout of the black trendline on decent volume. Lets look at the hourly chart: the second zigzag of wave (X), named wave C is near completion. Potential targets for wave (X) top (95-98):
From higher to lower degree waves:
1) Wave (X) retracement of wave (Y): 98.64
2) Wave C: 95.52 and 97.62 and 98.91
3) Wave V: 95.32, 96.16 and 97.83
Overview: I can confidently say that AMD followed my published idea of last weekend (generally since July 4th) in every single detail, just hit the play button to confirm (waves (b) and (c) of IV and then wave V).
Update: not much update is needed. Same as TSLA idea that I published, I expect Monday Aug 1st to be a topping candle on AMD, probably a fake breakout of the black trendline on decent volume. Lets look at the hourly chart: the second zigzag of wave (X), named wave C is near completion. Potential targets for wave (X) top (95-98):
From higher to lower degree waves:
1) Wave (X) retracement of wave (Y): 98.64
2) Wave C: 95.52 and 97.62 and 98.91
3) Wave V: 95.32, 96.16 and 97.83
