AMD Harmonic Elliott Wave and Hurst's Cyclic AnalysisOverview: my last update on AMD was published a long time ago, July 29th. In summary, I expected bullishness at that time.
Update:
Analysis of the Structure:
I am now labeling the bullish move of October 2022 to Jun 2023 as a wave (a) of I and since then, we are in wave (b) of I, correcting that whole bullish move.
Wave (b) is developing as a triple zigzag and currently, we are starting wave y of (b). The structure of whole wave (b) has been really messy to count including very complex flat correction.
Analysis of the Cycles:
The low of September 25th was the first 40D cycle trough in the second 80D cycle of the first 20W cycle of the current 40W cycle. We are expecting a 20W cycle trough in the first week of November. This means we should get a huge amount of bearishness going into this trough, also a strong bounce out of it.
The 18M cycle trough is also expected in March 2024, which would be the wave (b) bottom.