AMD Update: Hourly chart
I had a follower ask me to post my hourly chart on AMD so I thought I would try to get it out real quick for those of you trading it.
In order for wave iv to alternate with wave ii, it needs to be shallow and short. This is why I have my primary saying that iv is over, but it could verily easily fall slightly lower. If it does drop lower, it should be contained by the 1.0 @ $138.16. We need OMH for wave v of 3 to be considered complete. I would like to see that OMH to hit around the 1.618 @ $192.16 before the orange wave 4 starts.
We do have a sloppy 5-wave count off the 31 Jan low with a 3-wave retrace. However, as I said it was sloppy and that would make wave iv VERY quick. Until I have more data, though, I can't confirm v of 3 has indeed started. Let me know if y'all have querstions.
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post will be on that day, and I won't be updating here as I do now.
In order for wave iv to alternate with wave ii, it needs to be shallow and short. This is why I have my primary saying that iv is over, but it could verily easily fall slightly lower. If it does drop lower, it should be contained by the 1.0 @ $138.16. We need OMH for wave v of 3 to be considered complete. I would like to see that OMH to hit around the 1.618 @ $192.16 before the orange wave 4 starts.
We do have a sloppy 5-wave count off the 31 Jan low with a 3-wave retrace. However, as I said it was sloppy and that would make wave iv VERY quick. Until I have more data, though, I can't confirm v of 3 has indeed started. Let me know if y'all have querstions.
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post will be on that day, and I won't be updating here as I do now.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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