AMD's counts had to be redrawn! (Forget about "Minor" 4!) The new pattern looks like much the same, the whole market is in! It's a WXY - pattern and this could also be the pattern for AMD! "Minor" - wave 3 still valid! Pushed Mediumterm trend line down (magenta PUSH) AMD is not allowed to fall much further, because of breanking the rules: Wave 4 never ends below wave 1. Wave 1 has been at $ 12.03. The final leg ("Minute" wave y) of an WXY is in almost alle cases a triangle-pattern, with ABCDE, 3-3-3-3-3, with timeframe to complete 10-20 trading days. - One needs to be patient! When the market has bottomed out (Impulse ext.5) prob. at $ 12.60 - 12,70 (today late afternoon or tomorrow), it will be a good opp. to go long.
Komentar:
There is also a huge gap to be closed