My outlook for short AMD
Updated
we are in wave 3 of TD D-wave. Just took some of my profit at 22.99
The target for a textbook Wave 3 is at ~18.76.
However I will take my profit at the next Trend Factor, which is 21.72 which happens to be S2 monthly pivot.
Good luck trading! I will update this idea accordingly
The target for a textbook Wave 3 is at ~18.76.
However I will take my profit at the next Trend Factor, which is 21.72 which happens to be S2 monthly pivot.
Good luck trading! I will update this idea accordingly
Comment
Well, I did not see the capitulative move in the after market hour when I posted the idea.But oh look, see where did we stop falling? Right at Yearly Pivot!
Trade closed: target reached
Fully closed my position oh AMD.Looking for a bounce (wave 4) to continue short
Trade active
Updated wave counts and levels.I will play this wave 4 long. Target at 0.618 level at ~23. Stop loss below wave 3.
Congrats on those who took the short.
Comment
I forgot to upload chart. Here it is:Comment
I think that is likely that we see 15-14 price levelComment
We are slowly reaching that wave 4 leg. It is best not to trade now, or keep your short. But have stop loss order to manage risk. We will wait for a bearish candle near wave 4 objective to initiate short.Trade active
Still holding my position until ~$15
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