My outlook for short AMD

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

Comentário:

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 fechado: objetivo atingido:

Fully closed my position oh AMD.

Looking for a bounce (wave 4) to continue short

Trade ativo:

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.

Comentário:

I forgot to upload chart. Here it is:

Comentário:

I think that is likely that we see 15-14 price level

Comentário:

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 ativo:

Still holding my position until ~$15