2/8 Analysis of AMD's pattern formation (daily chart) 🧐🤔

Hello there ~nya

A certain Elliott Wave analysis trader within the Eurozone briefly outlined a serious scenario analysis forecast, so I decided to give it a quick analysis too

An extremely talented Elliott Wave analysis trader seems to have a strong bearish mindset in other stocks as well, meow~

As a key point for the current situation,

Wave 3️⃣ completion may lead to an upward trend (Wave 4️⃣), meow~

The likelihood of a continued downtrend towards the gap seems low, meow~

It’s heading towards an upward trend, breaking through 220.24 and aiming to surpass the 225.41 level, meow~

If the level continues below 225, drops under 200.19, and breaks through 194.16, the likelihood of a continued bearish trend increases, meow~

C is expected to remain flat, with significant downward pressure anticipatedHe predicts that, but I disagree regarding the sharp downward pressure, meow~

The key factor for the decline is the open gap at 165I agree, but it depends on the pattern formation going forward, meow~

If 165 cannot be maintained, the risk of an extension towards 120 (double top target) will increaseThat possibility is high, meow~

A bullish recovery will only be possible after a clear completion of the fifth wave from the 267 highI have the same prediction, meow~

The possibility of a new A-B setup for a downturn is increasing ~nya~

Currently, it’s about whether it can stay above 202.21 and hold above the 220 level ~nya~

Well then, bye-bye

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