$AMD Bearish head and shoulders pattern formation + ETH merge
AMD forming a bearish head and shoulders pattern, a break of the neckline activates the pattern (daily candle close below the neckline)Demand for GPUs has recently dropped by 15%, but is likely to drop further and farther after the Ethereum merge era.
Almost tens of millions of GPUs purchased in the past four years to mine ether, this just shows how much losses are going to be for companies that make GPUs (
AMD, 
NVDA) 📉Note
Looks like AMD want to follow my chart and has broken the H&S base line ...so far my short printing 💵 💵
Trade active
First target reached.. trade still active🔥Trade closed: target reached
TARGET REACHED 💪
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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.