$AMD ELLIOT WAVE THEORY + FIB
Updated
- We are currently waiting for wave 5 to hit the 161.8 level at $106-$107.
- We see that same pattern behavior at wave 3 with some consolidation/speculative movement.
I'm guessing the reason why its dipping is because of the current market situation with the short squeeze.
- We see that same pattern behavior at wave 3 with some consolidation/speculative movement.
I'm guessing the reason why its dipping is because of the current market situation with the short squeeze.
Note
We see some bullish support level at 50%. RSI and Stoch RSI seem to be crossing over towards the bullish side.
MACD seems to be hitting its peak for selling volume.
Hopefully,
AMD can keep a support level at 61.8 and eventually break through the 78.6 level.Note
It looks like the 618 has become the new support levelNote
Still holding the 618 level. So im not stressed.Note
Broke through the 78.6 level. lets see if that's the next support level.
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