Bearish Divergence continuing to print on the daily. Price increasing, but steady decline in volume. Where are the buyers at to keep it going? I see a rising wedge primed for a nice drop to the 61.8 and then lower. I counted the waves, and I would be looking for some kind of flat correction to form. AMD needs to breathe a bit as a correction is always needed for continued growth. I am not a financial adviser and do not hold any AMD, this is not a buy or sell signal, this is strictly informational and for myself to look back on. Stay safe out there, everybody! Please consider dropping me a follow.
I think WXYXZ from origin at $16.17 and finishing with a contracting ending diagonal to complete Z (abc, abc, abc, abc, abc all zig zags with waves 1>3>5 longest to shortest). You begin with my Y (zig zag to $29.95). However I am confused about the corrective structure of the larger degree which began September 2018 which I initially thought was a flat correct (3-3-5 structure which i dont really see how we get 3-3 out of this) ... any thoughts?
Drunkmonk
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@Drunkmonk, disregard this. we will find see what happens. I think its about done also :-)