Details: Here we are taking a closer look at how subminuette wave c seems to be unfolding. Looking for a series of threes and fours soon as displayed in the chart.

Welcome to our latest Elliott Wave analysis for Advanced Micro Devices Inc. (AMD). This analysis provides an in-depth look at AMD's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on AMD's market behavior.

AMD Elliott Wave technical analysis – Daily chart

The daily chart suggests that we are looking for further downside movement into wave c of (iv) to complete the overall correction. The anticipated completion of this wave c will mark the end of the corrective phase in wave (iv). Traders should monitor for signs of this downside move to identify potential buying opportunities as the correction concludes.

AMD Elliott Wave technical analysis – Four-hour chart

The 4-hour chart indicates that we are currently observing sub minuette wave c unfolding. We expect a series of smaller degree waves (threes and fours) to develop, indicating further downside movement into micro wave 3. Traders should look for these wave formations to confirm the ongoing corrective phase and prepare for potential short-term trading opportunities.

Technical Analyst: Alessio Barretta.

AMD Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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