Ther are two possible countings for AMD!
1. The wxy-pattern is valid and AMD is about to finish the first wave "a" of the terminal triangle in "Minute"-wave "y", by breaking the resistance line (red), closing the gap (making "b") and falling back to lower leves afterwards.
2. The wxy-pattern is NOT valid and it has been an "abc"-correction for "Minor" 4, with an impuls-wave "a" as first leg, instead of "w" (red) and a terminal impuls-wave "c" instead of an "a" (the last wave with the huge gap.) to complete the whole correction as a "Minor"-wave 4. After a terminal gap, all of a sudden, the psychology often changes from bearish to bullish! -We will see tomorrow.
1. The wxy-pattern is valid and AMD is about to finish the first wave "a" of the terminal triangle in "Minute"-wave "y", by breaking the resistance line (red), closing the gap (making "b") and falling back to lower leves afterwards.
2. The wxy-pattern is NOT valid and it has been an "abc"-correction for "Minor" 4, with an impuls-wave "a" as first leg, instead of "w" (red) and a terminal impuls-wave "c" instead of an "a" (the last wave with the huge gap.) to complete the whole correction as a "Minor"-wave 4. After a terminal gap, all of a sudden, the psychology often changes from bearish to bullish! -We will see tomorrow.
Comment:
Important to know, that AMD already corrected to level 0.382, right after the gap!
