AMD is showing a strong bullish continuation after completing a likely A–B–C correction near 187. The breakout above the 230 resistance zone signals a shift into a new impulsive phase.
Price action suggests the start of a larger five-wave advance from the March low, with momentum still favoring the upside. However, a short-term wave four pullback is possible, with resistance and potential reversal pressure building near the 470 region (261.8% extension level).
Key support sits in the 355–400 zone, which could act as a re-entry area during any corrective dip.
The bullish structure remains valid as long as price holds above 270. A break below this level would weaken the current impulsive outlook.
Key points:
Bullish impulsive structure from 187 low
Breakout above 230 confirms trend shift
Potential wave 4 pullback near 470
Strong support: 355–400
Invalidation below 270
Price action suggests the start of a larger five-wave advance from the March low, with momentum still favoring the upside. However, a short-term wave four pullback is possible, with resistance and potential reversal pressure building near the 470 region (261.8% extension level).
Key support sits in the 355–400 zone, which could act as a re-entry area during any corrective dip.
The bullish structure remains valid as long as price holds above 270. A break below this level would weaken the current impulsive outlook.
Key points:
Bullish impulsive structure from 187 low
Breakout above 230 confirms trend shift
Potential wave 4 pullback near 470
Strong support: 355–400
Invalidation below 270
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Get the full Elliott Wave count at WaveTraders, €20 first month >> @ wavetraders.com/
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
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👉 bit.ly/3FVPVzO
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.