$AMD TOP 20
Added 2023-07-02 18:48:39 +0000 UTCPulled back to just above the 50 Day MA on the daily chart and bounced towards the end of this week.
A lot of people believe that the pull back is now complete and this should go to a new high.
You can see that the green impulse waves have been perfect, with no overlaps and Wave 5 completed....so we want to see the amber 3 corrective waves completing now...I have highlighted our Wave A in amber with a white circle, there is very clearly no bounce whatsoever in this price action, so I can not say that the corrective wave is complete, because this would go against the rules of EW Theory, so I will stick with the theory.
Wave B should bounce to the white fib level as shown and then pull back to a level below Wave A, so likely $102 or lower.
This continues to be my plan and I will happily buy when Wave C completes, not beforehand.
