$AMD TOP 20
Added 2024-04-05 11:37:26 +0000 UTCThere was much discussion in our group yesterday about $AMD and with the market flush late in the day, $AMD did in fact lose the 0.38 Fib.
What it may have done now is completed Subwave A and Subwave B and we are into Subwave C now, as the impulse structure is still in place and I have not seen a Wave 5 yet either to complete the structure.
The 0.5 Fib is at $160 and the 0.618 Fib is at $144.
I think if we get an opportunity to buy $AMD anywhere close to $144, we take advantage of this.
However for now, we need to watch to see if there is a hold on the 0.5 Fib at $160.
Comments
Certainly some will consider this.....we noticed this on the $PLTR chart too. But typically Wave 2 goes to between the 0.5 - 0.618 and Wave 4 goes to the 0.38 Fib
Gareth Neary
2024-04-05 12:01:55 +0000 UTCIs there any correlation between the wave 2 being supported at 0.5 fib for the wave 4 to be supported at this 0.5 fib?
Karl
2024-04-05 11:58:46 +0000 UTC
