wolfah

AMD (20b) There is no "Runnung out of Steam!"

wolfah Updated   
NASDAQ:AMD   Advanced Micro Devices Inc
5
As described before in (20a), AMD is still in a "Minute"-wave 3 and is just about to finish a "Subminuette"-wave 4 correction ($ 14,12 - $ 1380). 0,24 Fib.-level = $ 13,80.

A possible worst case scenario could be $ 13,27 (retest of the blue trendline), which I don't believe.
Comment:
"Minuette"-wave 4 correction, instead of "Subminuette"-wave 4 correction. Sorry!

On a 1'-scale:
Scenario 1:The last leg of the correction (in a "Subminuette"-wave c could have a ABC-pattern, which has already finished at 14,12. This would be part of a TriangleExp-pattern (ABCDE) with target for the next leg "D" at $ 14,75. The final leg "E" could then go down to $ 13,73 (Fib. 0,24 of "Minuette"-wave 3) to finish the "4".
Scenario 2:The last leg of the correction (in a "Subminuette"-wave c) could have a impulsive count (12345) with the same target $ 13,73 to finish the "4".
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.