Will Wong
Long

AMD:Alternate Count-Clearly AMD is not behaving like a wave (II)

NASDAQ:AMD   Advanced Micro Devices Inc
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It is printing a symmetrical triangle which is more like a wave 4.
Comment: Alternate count invalidated. Broken down out of the triangle. Could do a double bottom to match wave A or even lower at wave A= wave C. Go to to previous count for Fib 23.6, 38.2 or 50% retracement targets.

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Comment: I prefer another leg down to complete wave 4 with a double bottom. Hopefully this will provide another opportunity to get in

Comment: AMD: There is a lot of interest in AMD and I have to provide the EW perspective on what is happening. Wave 4 is currently in progress and coincides with a market wide correction. There is a lot of debate whether wave 4 correction is over. From an EW's perspective, we start with what is typical which would be a Fib 38.2% correction of wave 3's run . Then we should also calculate the length of sub (v) of C as well as the presence of any gaps. The Most typical Wave A = Wave C was surpassed early on. It looks like the Fib 38.2 level coincides with the Sub (v) = 1.0 Sub (i) level and also coincides with the level of Sub (iii) a position that can be called a double bottom. This is therefore my preferred count. I have also presented two alternate counts at Fib 50% and lower because of those nasty gaps below. My philosophy is OWAAT (One Wave at a time)

Comment: MACD hasn't shown signs of turning yet. Maybe a gap fill below and S2 holding

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Keep up the good work Will! Always look forward to your posts!
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Will Wong virtual_trader
@virtual_trader, Thanks and I appreciate the kind words.
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Your posts are terrible, all you do is constantly change. Perhaps paper trade, study and graph behind the scenes for a while. Once you can actually post something that you expect the public to benefit from and would risk a great deal of your own capital on then do so. I will be unfollowing you now.
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@bdadon, AMD was one of my best trades of the year as I charted the rise from mid teens to $35. EW allows a person to admit he is wrong and revise the count to make sense of current price actions. Bye! Don’t let the door hit you on your behind!
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Makemoney0 Will Wong
@Will Wong, OK Gordon gekko. This is the same type of moron who brags about Bitcoin going to 20k and telling everyone he's a genius. ANYONE can illustrate what this CUCK stated. Someone with down syndrome can make a better precition than slick Willy Wong!
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Will Wong Makemoney0
@Makemoney0, you are obviously a sick deranged puppy. Trading View is for serious chartists and is no place for sick deranged puppies like you. Go delete your account, ask for a refund and leave TA to the rest!
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Will Wong Makemoney0
@Makemoney0, Have you deleted your account yet? Lolololol
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@bdadon, this guy draws random patterns on his charts and tries to cooerce people into believing it's going in the direction he traded in. Pathetic
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Will Wong Makemoney0
@Makemoney0, lmao! This guy with 4 posts todate and 1005 views talks crap on my profile! Smh!
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UJY101 bdadon
@bdadon, I agree, this guy draws scribble all over the place the positions he's bag holding. Dude lost tons on this trade and wants to bring everyone else with him. Unfortunately, Im in AMD, but I cannot afford to sell at the moment, but im VERY tempted to. At this point, Im trying to minimize losses. This will continue to depreciate next week but Im also waiting for a dead cat bounce , on the VERY VERY short term so i can cash out with minimal loss. Goodluck to the rest of my long brothers, its gonna get REALLY bad next week :/ ....

PS If im in losing position, I usually disclose it and dont bring other unsuspecting investors down. shame on you. AMD sucks, seriously. I used to be optimistic, but no more.
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