AMD: primary A in as expected.

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Two days ago I presented that a top in AMD was most likely in. Today that got confirmed!! 🙂 Always nice to be right for once 😉 That said, primary B should now ideally retrace 50-62%, which brings price down to the high $2s to low $3s. You can see major S/R where major b bottomed and intermediate a of major a peaked, which is right in the expected target retrace zone. Note how price today has negated the ascending triangle formation, as well as dropped below both the medium and long term trendline that held price in check.

amd 07182014

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