Case for ticker symbol AMD, forward looking waves as in Elliott Waves

If you look at the weekly drawing for AMD, the wave count is on the downword movement and the first leg of the Zigzag has fallen 15 pts and the correction leg or the AB leg of the zigzag hasto be around 50% of that and by that expectation this wave is only 4 points into that 50% retrace.
Weekly

Hourly

If you look at the hourly chart, the purple is the highest degree there is since the price action started going south. A Zigzag has been completed and we are in the corrective wave of that larger degree. Now if you look closer to the corrective wave form. it is a leading diagonal with a 5-3-5-3-5  and the last 5 wave is yet to come, watch!!!!!

On 11/9 morning at 7.43 the beta was in 3’s

 

Put to call ratio was .672

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