AMD(Elliott Waves)
Hello friends
In AMD share, we see the formation of a pattern in the form of 123 or ABC.
But due to the breaking of the $162 range, which was a static resistance, and a pullback to it, the formation of an impulse pattern seems more likely.
Therefore, assuming a 5-wave scenario, probably the 4th wave has ended and the 5th microwave has started from the 5th.
Therefore, we expect the share price to grow to the range of $184.
But if the support of $162 is lost and pullback is made, and in fact the failure is a fake breakout, the zigzag pattern scenario is correct, which is less likely, and we will expect the price to drop to the $150 range.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
In AMD share, we see the formation of a pattern in the form of 123 or ABC.
But due to the breaking of the $162 range, which was a static resistance, and a pullback to it, the formation of an impulse pattern seems more likely.
Therefore, assuming a 5-wave scenario, probably the 4th wave has ended and the 5th microwave has started from the 5th.
Therefore, we expect the share price to grow to the range of $184.
But if the support of $162 is lost and pullback is made, and in fact the failure is a fake breakout, the zigzag pattern scenario is correct, which is less likely, and we will expect the price to drop to the $150 range.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
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