It's already the 5th month, AMD has been a very significant example for harmonic patterns trading! The latest butterfly pattern with a inside week breakout combination worked well, and after it finished a daily double bottom, here comes another trading opportunity. This one looks so alike with the 1st trade at the end of August, too, both gave a double bottom as confirmation entry.
In terms of 2618 trade, we really need to see a clear pullback before trying to draw a 0.618 retracement, and let's take the drop yesterday for example to express this idea, while if it's still able to make a new pivot high, this trade remains there (but needed to redraw) . I'll also make this article updated if there is anything significant happening.
Let's see how it goes!
-- Thanks for all the followers and responses, it's amazing that there suddenly goes more than 500 followers! I believe many of you know me by these AMD articles (as they are by far my most viewed posts)
I would really love to interact and discuss with you more, and welcome to check my Traditional Chinese/Simplified Chinese version of TradingView if you can read Chinese. There are also a lot more different trading ideas posted there! (I am also the 1st and only one to "freestyle" as a tag on Chinise version of TradingView lolllllll)
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