AMD was in a huge WXY correction since 2021 high until April 2025 low. I count it as 1-2, i, ii of 3. Wave ii corrected 61.8% of wave i. Wave 2 didn't go deeper due to the OpenAI announcement, which started Wave i of 3.
Since we're now have seen a 3-wave up, it is possible that it is a zigzag for XX as opposed to Waves 1-2, i, ii of 3. However, I assign the alternate count a smaller probability.
Many tech stocks are about to finish or have already finished a wave 2 correction so this can be the same for $AMD.
Bears will try to push it down to fill the gap. If that happens, I plan to add to my long-term position.
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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.