Step by step, AMD has been drawing closer to our magenta Target Zone between $143.63 and $130.77, which remains a favorable range for long entries. Prices should establish the low of turquoise wave 4 within this zone before reversing higher to resume the ongoing upward impulse—initially breaking above resistance at $185.27 and targeting the peak of magenta wave (1). However, we see a 33% chance that magenta wave alt. (1) has already completed, with a quicker low for wave alt. (2) likely to form below support at $126.13. Due to this alternative scenario, potential long trades within the magenta zone could be protected with a stop either 1% below the lower boundary of the zone or at the $126.13 level.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。