AMD soared more than 50% last Friday! Missed such a great chance.
However, in near term, AMD is forming a bearish BAT. another 10% upside potential then offer a chance to short at $4.4.
Trade active
⋅
ok. AMD bearish BAT is finally here.but need time projection to confirm? let's see
Comments
MartyLardy
⋅
Hi, Pip. How long have you been following AMD?
pipstrading
⋅
not long, just recently
LarsSorensen
⋅
How do you know that this particular pattern will arise ? It seems a bit odd to predict a pattern and not a price level for example. Would it not be more efficient to find a current pattern and predict a price level be it high or low ?
Just asking,
pipstrading
⋅
thanks for your comments. always happy to discuss.
the pattern may or may not form. This is just a potential short opportunity. Sorry if i did not mention it clearly. Of course, it is always good to find a completed bullish or bearish pattern then take action from there. Here is just take one step in advance to predict such possible patterns. Then we could have these stocks/forex to be under watch list then wait for reversal confirmation in those price level to confirm the pattern.
to AMD particularly, if you look back 2013-2014, we could see strong resistance around $4.3~4.6 area. After such a great rally last friday night, move up slightly more is possible, but high chance for a pull back. Of course, it may just gap up and rally sky high? possible. Just need to watch closely these few days.