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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Get the full Elliott Wave count at WaveTraders, €20 first month >> @ wavetraders.com/
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
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👉 bit.ly/3FVPVzO
Learn Elliott Waves Sale-65%
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Newsletter
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.