AMD 1D, Pullback Forming
Updated
AMD appears to over extended, at the top of the Murrey range as well as Volume starting to decrease, as indicated by Spectro O. Spectro M is indicating a current volatility and price reversal zone, indicated by the light blue shaded vertical band.
There is a gap between the previous 2 candles that may be revisited. My thought is that price may revisit previous support near $29, when pullback occurs.
There is a gap between the previous 2 candles that may be revisited. My thought is that price may revisit previous support near $29, when pullback occurs.
Note
-AlchemistLA
Note
Short following through...-AlchemistLA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.