The blue line is from the monthly chart, providing a general idea of where major support is at. the 1 hour chart is ranging, meaning its going to pick a direction to run.
This analsysis is on the Monthly Chart (I also demonstrate the change in the psychology of the market from bearish to bullish) , It allows us to see the there is HUGE Bullish momentum on the monthly, theirfore allowing us to look and find Opportunities on the lower time frames for bullish channels (Pips are going to die lmao) everything after this idea being...
This trade is definitely risky due to market volatility pero ni pedo compadres!
As you can AMD took a nice dump right where my down trend Triangle was, Pretty solid analysis if you ask me.
Facebook seems like it wants to break above the previous ceiling its hit previously, It has a nice bullish pin bar, and I don't usually pay attention to MA's because its using the past to try and predict the future, but the bullish pin bar also touches on a 20MA and is at a critical point of upwards price movement.
You can see AMD has been in a steady uptrend, And is beginning to lose steam.