Was asked by a great friend and money manager about the 3 drives to a bottom on AMD.
While, at first glance, it does appear to be setting up for a 3 drives (key – setting up) I don’t think it officially qualifies as a ‘perfect’ 3 drive pattern – that’s just me.
What I do like is a NICE measured move correction into a confluence zone .. count is a little squirrly, if you ask me. I think (therefore I AM wrong .. :)) it looks like it wants another leg down …? In this environment I’m more cautious …
But, does look like a set up is coming … look forward to your thoughts.
