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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 

POSITION: 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 – 4Hr 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

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