[/I]
AMD Elliott Wave Analysis ---
Pattern : Regular Flat
Targets :
#1- (0.786 -0.854)
#2 - ("1")
The reason for these targets :
- (Weekly 50 MA)
- Quarterly , Weekly Pivots
- Algo Retracements
- Lower Degree Parallel (Green)
Reasons for why not a "Triangle" :
- I don't think its a "Triangle Because of Volume"
, also because it seems the "RSI" won't validate it aswell so I've
put this as "Very Low Prob."
Invalidation : (Red Zone) Mostly because we'd be out of the "Parallel Channel" from AH , we would also be
above mostly all "Moving Averages" we would be above "Algos" and I would say "Geometry" at that point is not very good for"Bears"
and at that point id be inclined to say the "Low" is in if "SPX" agrees aswell.
Feedback : The reason I have it coming up more I believe we need to create some "Bearish Divergence" on the
Daily where that is met with the "Weekly 50 MA" and also the (0.5 Algo and 0.786-0.854 Extension Target)
AMD Elliott Wave Analysis ---
Pattern : Regular Flat
Targets :
#1- (0.786 -0.854)
#2 - ("1")
The reason for these targets :
- (Weekly 50 MA)
- Quarterly , Weekly Pivots
- Algo Retracements
- Lower Degree Parallel (Green)
Reasons for why not a "Triangle" :
- I don't think its a "Triangle Because of Volume"
, also because it seems the "RSI" won't validate it aswell so I've
put this as "Very Low Prob."
Invalidation : (Red Zone) Mostly because we'd be out of the "Parallel Channel" from AH , we would also be
above mostly all "Moving Averages" we would be above "Algos" and I would say "Geometry" at that point is not very good for"Bears"
and at that point id be inclined to say the "Low" is in if "SPX" agrees aswell.
Feedback : The reason I have it coming up more I believe we need to create some "Bearish Divergence" on the
Daily where that is met with the "Weekly 50 MA" and also the (0.5 Algo and 0.786-0.854 Extension Target)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.