AMD – Choppy Structure May Confirm Full ABC Correction From $76
AMD surged from $115 to $130 with strong volume, but failed to attract follow-through buying interest. Since May 20, price action has become increasingly choppy and indecisive.
This raises the probability that the entire move from $76 may be forming a completed ABC corrective structure.
A sustained drop below $125 would test the diagonal base. If broken, it could expose $116 and $110 as next downside targets.
This raises the probability that the entire move from $76 may be forming a completed ABC corrective structure.
A sustained drop below $125 would test the diagonal base. If broken, it could expose $116 and $110 as next downside targets.
Trade closed: stop reached
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💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.