AMD — late stage of a broadening rising wedge? 📉
AMD may be entering a more serious bearish phase, not just a routine pullback.
The larger structure is what stands out.
For years the stock has been developing a broadening rising wedge, with three clean rejections from the upper boundary. Patterns like this often appear late in extended uptrends and tend to resolve with a strong move.
Another detail: the last advance (Apr 2025 → Jan 2026) doesn’t look like a clean 5-wave impulse. Structurally it resembles a 3-wave move, which often points to a corrective rally rather than a new impulsive leg.
🎯 My first downside reference: $165
⚠️ Invalidation level: $198.76
If downside momentum builds, a move below $150 would not be out of the question.
For now, I’m watching how price reacts around the next key support zones.
The structure is there — now the market needs to confirm it.
AMD may be entering a more serious bearish phase, not just a routine pullback.
The larger structure is what stands out.
For years the stock has been developing a broadening rising wedge, with three clean rejections from the upper boundary. Patterns like this often appear late in extended uptrends and tend to resolve with a strong move.
Another detail: the last advance (Apr 2025 → Jan 2026) doesn’t look like a clean 5-wave impulse. Structurally it resembles a 3-wave move, which often points to a corrective rally rather than a new impulsive leg.
🎯 My first downside reference: $165
⚠️ Invalidation level: $198.76
If downside momentum builds, a move below $150 would not be out of the question.
For now, I’m watching how price reacts around the next key support zones.
The structure is there — now the market needs to confirm it.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.