Welcome to Our Latest Elliott Wave Analysis for Advanced Micro Devices Inc. (AMD)
This analysis delves into AMD's price movements using Elliott Wave Theory, aiding traders in spotting potential opportunities based on current trends and market structure. Insights from both the daily and 4-hour charts provide a comprehensive perspective on AMD's market behavior.
AMD Elliott Wave Analysis Trading Lounge Daily Chart
Advanced Micro Devices Inc. (AMD) Daily Chart Analysis
AMD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Minuette wave (iv)
Direction: Downside into wave c of (iv)
Details: We anticipate a downside move into wave c to complete the overall correction in wave (iv).
AMD Elliott Wave Technical Analysis – Daily Chart
The daily chart suggests further downside movement into wave c of (iv) to complete the overall correction. The anticipated completion of wave c will signify the end of the corrective phase in wave (iv). Traders should watch for signs of this downside move to identify potential buying opportunities as the correction concludes.
AMD Elliott Wave Analysis Trading Lounge 4Hr Chart
Advanced Micro Devices Inc. (AMD) 4Hr Chart Analysis
AMD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Subminuette Wave c
Direction: Downside into micro wave 3
Details: We are closely observing subminuette wave c, looking for a series of threes and fours as indicated in the chart.
AMD Elliott Wave Technical Analysis – 4Hr Chart
The 4-hour chart shows subminuette wave c unfolding. We expect a series of smaller degree waves (threes and fours) to develop, indicating further downside movement into micro wave 3. Traders should monitor these wave formations to confirm the ongoing corrective phase and prepare for potential short-term trading opportunities.
Technical Analyst: Alessio Barretta
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: Palo Alto Networks Inc. (PANW) Ellott Wave Technical Analysis
Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here
Access 7 Analysts Over 170 Markets Covered. Chat Room With Support
