AMD Elliott Wave Analysis Trading Lounge Daily Chart,
Advanced Micro Devices Inc., (AMD) Daily Chart.
AMD Elliott Wave technical analysis
Function: CounterTrend.
Mode: Corrective.
Structure: Zigzag.
Position: Minuette wave (iv).
Direction: Downside into wave c of (iv).
Details: Looking for downside into wave c to complete the overall correction in wave (iv) as we have been anticipating.
AMD Elliott Wave Analysis Trading Lounge 4Hr Chart,
Advanced Micro Devices Inc., (AMD) 4Hr Chart.
AMD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Zigzag.
Postion: Sub minuette Wave c.
Direction: Downside into micro wave 3.
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]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
EUR/USD consolidates below 1.0950 ahead of ECB policy announcements
![EUR/USD consolidates below 1.0950 ahead of ECB policy announcements](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/money-for-the-table-with-figures-gm118451521-10951870_XtraSmall.jpg)
EUR/USD turns sideways below 1.0950 in Thursday’s European session after rallying to a fresh four-month high on Wednesday. The pair trades with caution, as investors shift to the sidelines ahead of the European Central Bank policy meeting, which will be announced at 12:15 GMT.
GBP/USD drops below 1.3000 after UK jobs data
![GBP/USD drops below 1.3000 after UK jobs data](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/british-banknotes-14144912_XtraSmall.jpg)
GBP/USD is dropping below 1.3000 in the European session, correcting further from the 2024-high set at 1.3045 on Wednesday. The UK data showed that the ILO Unemployment Rate held steady at 4.4% in the quarter to May, as expected, weighing on the Pound Sterling.
Gold price remains stronger due to rising expectations of Fed rate cuts
![Gold price remains stronger due to rising expectations of Fed rate cuts](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/Gold_Bar_XAU_Precious_Metal_XtraSmall.jpg)
Gold price (XAU/USD) edges higher to near $2,470 per troy ounce on Thursday, remaining close to record highs amid growing optimism that the Federal Reserve (Fed) will reduce rates in September.
Billionaire Mark Cuban highlights Silicon Valley's increasing support for former President Trump as a “Bitcoin Play”
![Billionaire Mark Cuban highlights Silicon Valley's increasing support for former President Trump as a “Bitcoin Play”](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Bitcoin/bit-coin-symbol-flag-3d-illustration-59931110_XtraSmall.jpg)
Bitcoin (BTC) faces resistance and stalls at around the $65,000 mark on Thursday, while on-chain data indicate a rise in holdings among short-term investors, coupled with a slight increase in inflows at US spot Bitcoin ETFs.
European Central Bank widely expected to keep interest rates unchanged in July
![European Central Bank widely expected to keep interest rates unchanged in July](https://editorial.fxstreet.com/images/Macroeconomics/CentralBanks/ECB/ecb-ezb-european-central-bank-frankfurt-68897939_XtraSmall.jpg)
The European Central Bank is set to leave key rates unchanged after July policy meeting. ECB President Christine Lagarde will be questioned about the possibility of a rate cut in September.