Almost time to go short AMD?
Looks like we are now in the 5th wave . Might be a good short when we hit the 23 dollar area. But keep an eye on the rsi, we need negative divergence.
Looks like we are now in the 5th wave . Might be a good short when we hit the 23 dollar area. But keep an eye on the rsi, we need negative divergence.
This is on an hourly chart. There is still negative divergence on a small timeframe but it's still possible we make a little new high and then go lower. It depends what the market will do tomorrow. If we don't go down tomorrow, it will be for next week.