What a day!
For AMD, the day started with a breakthrough of the supporting line of the "Descending Triangle", I described in Part 2. After the bearish trap, the price moved back even into the pattern! After this, there has been a retesting of the magenta trendline, which slightly failed!
Now, we are probably in a shorttime "Falling Wedge" (bullsh pattern). If this pattern will be broken, it will end up with an "Rectangle". -On a time frame, the end of the correction will not be far away.
For AMD, the day started with a breakthrough of the supporting line of the "Descending Triangle", I described in Part 2. After the bearish trap, the price moved back even into the pattern! After this, there has been a retesting of the magenta trendline, which slightly failed!
Now, we are probably in a shorttime "Falling Wedge" (bullsh pattern). If this pattern will be broken, it will end up with an "Rectangle". -On a time frame, the end of the correction will not be far away.
Comment:
IF this "Falling wedge" would be broken to the downside,then it would end up in a "Rectangle"...