AMD peaked EXACTLY as mapped, now "Virus Correction" analysis

Followup to my Previous Analysis mapping Topping Zones (click).

Sure enough, just when the market is at an overextended top, comes the bad news.
Not saying the "virus" was timed thusly, but the "marketing" of it fits the SOP of Wall Street.
Now we need to see if the "virus correction" is done or will it have yet another leg down?

Thus far we have a near perfect AB=CD correction (red 0.618 retrace to -0.382 extension).
Normally such a move is a "corrective" move and not "Impulsive", as in NOT likely to continue.
BUT, the pullback has pierced a very strong support zone, so continuation to next one possible.

$ 47.29 is the key Resistance line right now, break above and hold might end correction.
$ 44.70 is first possible support but it is not expected to be strong, just a solo fib.
$ 43.xx seems likely at this point, considering the velocity and momentum thus far.

It is definitely POSSIBLE that correction is done (AB=CD).
It is more PROBABLE that we see an ABCDE structure.
it is PLAUSIBLE that this becomes a 12345 structure.

IF this morphs into a 12345, then it might be a "wave A of ABC".
If so, we should be in a "3 of A" which should be fast and furious.
As this develops, I will post a new plot if structure changes as such.

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See some of my other plots and trade calls below.
I also plot Forex and Crypto, take a look at my profile page.

SP500 Top call
TSLA $500 Target <= still in play
Peloton Top Call
FORD in No-Mans Land
AMZN decision Point
FaceBook bounce
Twitter bounce
NetFlix bounce
Amazon scalp
Oil long

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.