AMD continues to display strong bullish momentum after completing a likely A–B–C corrective phase near the 187 support zone. The breakout above the key 230 resistance level confirms a potential shift into a fresh impulsive bullish cycle.

Current price action suggests the development of a larger five-wave advance from the March lows, with upside momentum still dominating. However, traders should remain cautious of a possible short-term Wave 4 pullback as price approaches the 470 region — an important 261.8% Fibonacci extension area where reversal pressure could emerge.

🔹 Key Support Zone: 355–400
🔹 Bullish Invalidation Level: Below 270
🔹 Resistance / Potential Reversal Area: 470

As long as AMD holds above 270, the broader Elliott Wave bullish structure remains intact.