wolfah

wolfah Updated 

Market finished with an "Extension 1" at 0,618

wolfah Updated 

Nice Pattern. What else could we expect after retesting the magenta trendline...

wolfah

Wave 2 normally retraces 0.618 of first wave.

wolfah

AMD 6.75% , had a nice run today and we even have an Impuls wave 1 and probably a wave 2 (both Subminuette =?). Last Friday, there finally had been Minor wave 4.

wolfah Updated 

What a day! For AMD, the day started with a breakthrough of the supporting line of the "Descending Triangle", I described in Part 2. After the bearish trap, the price moved back even into the pattern! After this, there has been a retesting of the magenta trendline, which slightly failed! Now, we are probably in a shorttime "Falling Wedge" (bullsh pattern). If...

wolfah Updated 

As described before, AMD is in a Minor wave 4. Minute a has been an Impuls wave and b has been a normal ZigZag. From the beginning of this week (wave c), the market psychology changed from high optimistic to pessimistic. (Falling steepness in every wave, the market wants to recover.) Everything you can see in the chart pattern of this week. Seems, the market wants...

wolfah

Today, for several reasons, I had to do some recount of AMD's stock pattern! The blue lines represent the overall trend from the beginning of last year. The magenta lines represent the actual trend, drawn from peak (3) (2016-08-19) and the low (4) (2016-11-10) with a Minute peak 3 at 2017-02-17. Because there is YET no overlapping between wave Minor 1 and Minor...

wolfah Updated 

AMD's Minor wave 1 and 2 (16-12-28 and 17-01-18) is well established. Peak 17-02-27 could also be Minor wave 3 and the low of 17-03-06 could be a Minute a (Impulse wave) with Minute b at 17-03-13. For an "Ending Diagonal" pattern, Minor 4 should overlap with wave 1, but this is not the case at the moment. See horizontal red line, beginning from peak Minor 1.

wolfah

Hard to find the 4 of the impulse wave. 4 still above 1 (see red horizontal line), but teritory ( lower blue line of the trading channel) will probably be retested, because AMD is still slightly overbought (see Stochastic Indikator). BTW , the wave between 02-28 and 03-06 is definitively a impuls wave!

wolfah Updated 

still bullish

wolfah

AMD regained more than 50% of its early day losses! Resistance lines =blue Support lines =red Volume is low (according to cup-pattern)!

wolfah

Nice "Gap"! Probably another Wave 1 and 2" So the best is yet to come... Resolution: 1 Minute bars!

wolfah

AMD +8% on Xetra, early morning trading on Monday 03/13/17 Probably "Runaway gap" in early trading in US!

wolfah

AMD +8% on Xetra, early morning trading on Monday 03/13/17 Probably "Runaway gap" in early trading in US!

wolfah

More detailed Look...

wolfah

Have a look on Monday

wolfah Updated 

Finally, allmost all gaps of the last sessions are closed! No "Head & Shoulders" pattern (Look at the Volume!)

wolfah

Cheers