AMD Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview: in the previous update of AMD I published on July 9th, I had AMD in wave (IV) of A, expected AMD to bottom on July 19th at 105, then continuation to the upside.
Update: the 40W cycle trough is in. This means I am extremely bullish on this name. Let's go through the details:
Analysis of the structure: AMD is definitely not easy to count. Not only because of my observations on the cyclic analysis of AMD, but also the structure is very bullish. I think we are in wave (3) of C of (III) of (a) of III.
Analysis of the cycles: I have enough confirmations to assume that the 40W cycle trough is in. This means we are in the second 40W cycle of the first 80W cycle of a 54M cycle.
Update: the 40W cycle trough is in. This means I am extremely bullish on this name. Let's go through the details:
Analysis of the structure: AMD is definitely not easy to count. Not only because of my observations on the cyclic analysis of AMD, but also the structure is very bullish. I think we are in wave (3) of C of (III) of (a) of III.
Analysis of the cycles: I have enough confirmations to assume that the 40W cycle trough is in. This means we are in the second 40W cycle of the first 80W cycle of a 54M cycle.
