Elliott Wave outlook: AMD expects pullback soon before rally [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

The Advanced Micro Devices Inc., (AMD) favors rally in impulse Elliott Wave sequence from 4.09.2025 low & expect upside in to 168.36 – 190.36 to finish it. Impulse sequence unfolds in 5, 9, 13, 17…., swings & ends with momentum divergence. In daily, it ended pullback in 3 swings at 75.22 low in blue box area from March-2024 high. It is trading higher in nest & expect 13 swings to finish the impulse ((1)) before correcting next. Currently, it favors rally in 7th swing in daily & expect end soon in to 165.63 – 179.16 area before correcting in (4) as 8th swing. In 4-hour, it ended (1) of ((1)) at 97.91 high, (2) at 83.75 low in 4.21.2025 & favors rally in (3) as extended wave. Within (3), it placed 1 at 122.52 high, 2 at 107.09 low, 3 at 162.36 high, 4 at 149.34 low of 7.22.2025 & favors rally in 5. It is showing higher high since April-2025 low.

AMD – 60-Minute Elliott Wave technical chart

Below 3 high of 162.36, it ended 4 pullback in double three correction at 149.34 low. It ended ((w)) at 155.81 low, ((x)) at 160.34 high & ((y)) at 149.34 low. Above 4 low, it favors rally in ((i)) of 5 in to 165.44 – 170.43 before correcting next. Within ((i)), it ended (i) at 155.53 high, (ii) at 152.66 low, (iii) at 161.20 high, (iv) at 158.36 low & favor higher in (v). It appears three swings in (v) & expect pullback before final push above 161.52 low before correcting in ((ii)). Alternatively, the current cycle from 4 low can be 5 of (3) before it corrects in (4). In either the case, the next pullback should remain supported. In 4-hour, it is trading in 11th swing & expect pullback in 12th swings later before final rally. We like to buy the pullback in 3, 7 or 11 swings at extreme area for the upside in ((1)).

AMD Elliott Wave technical [Video]

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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