Hi traders,
In this post, we are going to take a look at the AMD chart. From the all-time-high of Nov. 30th 2021, AMD has completed 2 zigzags as waves (W) and (Y). From this point, I am expecting a rally to retest some portion of (Y) and then the final leg down as another zigzag, wave (Z). We need to wait for wave (X) to develop its initial subwaves to come up with an idea of its potential targets.
In this post, we are going to take a look at the AMD chart. From the all-time-high of Nov. 30th 2021, AMD has completed 2 zigzags as waves (W) and (Y). From this point, I am expecting a rally to retest some portion of (Y) and then the final leg down as another zigzag, wave (Z). We need to wait for wave (X) to develop its initial subwaves to come up with an idea of its potential targets.
