๐จ๐จ๐จ This One Is a MUST LOOK NOW!!! (AMD)
ืืขืืืื
๐ฐ LET'S GET INTO SOME ADVANCED MICRO DEVICES ANALYSIS!๐ฐ
1๏ธโฃ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! โคโคโค
(Overall Market Sentiment) ๐ป 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 consolidation. It even seems to represent 5 major waves of structure which could validate an Elliott wave pattern. I'm not the biggest fan of Elliott wave theory as I think it can be misleading, but this is a good representation of wave structure that made the pattern overall. This looks insane! I would not be surprised if once broke down it collapses. Based off o just the S&R and structure I see a major play coming. Be ready for this one! If I'm wrong I will be in shock lol.
Best of luck to you and all of your trades this week! ๐ค
Drop your charts and comments down below, share with us what you think is going on in the markets! โคโคโค
Thanks for checking out our analysis! โ๐โ
๐ฅMLT | MAJOR LEAGUE TRADER
1๏ธโฃ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! โคโคโค
(Overall Market Sentiment) ๐ป 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 consolidation. It even seems to represent 5 major waves of structure which could validate an Elliott wave pattern. I'm not the biggest fan of Elliott wave theory as I think it can be misleading, but this is a good representation of wave structure that made the pattern overall. This looks insane! I would not be surprised if once broke down it collapses. Based off o just the S&R and structure I see a major play coming. Be ready for this one! If I'm wrong I will be in shock lol.
Best of luck to you and all of your trades this week! ๐ค
Drop your charts and comments down below, share with us what you think is going on in the markets! โคโคโค
Thanks for checking out our analysis! โ๐โ
๐ฅMLT | MAJOR LEAGUE TRADER
ืืขืจื
If it broke the top red horizontal Resistance it could squeeze some more in the wedge but for now seems under some pressure
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