$Advanced Micro Devices(AMD)$ Since peaking in March'24 Advanced Micro Devices - AMD has been either in a steep correctio or moreover:It broke its super uptrend and is now in a downtrend.The latter thesis is based on the fact that if it's just an Elliott wave 4 correction - it's way too long: assuming uptrend wave 1 was 80 and wave 3 was 134, it has now retraced to a local low of 141, which is too much, surely more than fibo 0.5 of wave 1, wave 3, hence - downtrend, not just a correctionAnyway, it is trading in a downward regression channel and every time it attempts to rise, it falls notably with an engulfing red candle, or three red candles, or gaps down like on a post Q1 earnings day. I think there is a demand zone