On the H1 chart the trend started on Aug. 21 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 134.58
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
( SHORT TERM BULLISH )
AMD Inv. H&S, high chance of another bullish leg up to capitalize off of. The reasoning for short term bullish is due to the fact that the weekly time frame is over extended with a similar historial pattern to the previous "top" of AMD's weekly high before falling to correct.
AMD has been showing a lot of bullishness since September 26. However, AMD has reached the upper range of the white channel and is due for a correction this week. I have the yellow trend line as a key support level and my first price target. I think there will be a solid bounce off this yellow support line in the short term.
It's bear market time, don't believe in miracles and make money today. We must be able to adapt to the situation and the market, and not blindly believe in eternal growth. Don't thank. All profitable trades.
Follow me and more likes please ❤
amd has been in an overall downtrend.
definitely looking for more bearish movement unless the trendline breaks.
keys levels
-143
-141
-136
-134
-131
-128
SNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
AMD has formed a double top, this is a very bearish pattern.
Also amid chip shortages, high inflation, and many other things we should see a big dip coming very soon in the long term.
This is the weekly chart so the dip should take a few weeks to come.
Expecting correction over next few weeks down to ~$70.
Watching that 87-88 range for a new breakout, but it doesn't have the volume. Volume will be key indicator for now.
💰 LET'S GET INTO SOME ADVANCED MICRO DEVICES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
AMD looks to be a massive rising wedge from back in 2015 lows. Notice how every major structural support and resistance now now funneled into this tight range at the very top of price...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
![AMD: AMD over-extended, potential swing short for ~18% [update]](https://s3.tradingview.com/4/4LCLrSUh_mid.png "AMD over-extended, potential swing short for ~18% [update]")
