Hello fellow traders. In this technical article, we are going to present Elliott Wave charts trading setup of AMD Stock (Advanced Micro Devices, Inc) . The stock completed its corrective decline precisely at the Equal Legs area, also known as the Blue Box. In the following sections, we’ll break down the Elliott Wave structure in detail and explain the setup and present the target levels.
AMD Elliott Wave 1 Hour Chart 05.15.2026
The current analysis suggests that AMD stock is forming a wave ((4)) black pull back. Blue Box comes at 418.75-390.32. That is our buying zone. We recommend members avoid selling AMD stock, as the main trend remains bullish. We anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50% fib level against the (X) blue connector, we’ll make positions risk-free, set the stop-loss at breakeven, and book partial profits. Stop Loss is placed a few points below 1.618 fib extension : 390.32
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Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.
Quick reminder on how to trade our charts :
Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable.
AMD Elliott Wave 1 Hour Chart 05.28.2026
The stock found buyers into the Blue Box area, just as expected. AMD completed wave IV correction at the 392.99 low and made a decent reaction higher from our buying zone. As a result all long positions are risk free + partial profits have been taken. The stock has gained more than 25% from our buying zone. As long as price holds the pivot at 392.99 , further upside remains likely.
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Source: https://elliottwave-forecast.com/stock-market/amd-delivers-25-rally-off-our-blue-box-entry/