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TradingZzone
Sep 15, 2022 10:18 AM

$AMD Bearish head and shoulders pattern formation + ETH merge Β Short

Advanced Micro Devices, Inc.NASDAQ

Description

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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) πŸ“‰

Comment

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Looks like AMD want to follow my chart and has broken the H&S base line ...
so far my short printing πŸ’΅ πŸ’΅

Trade active

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First target reached.. trade still activeπŸ”₯

Trade closed: target reached

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TARGET REACHED πŸ’ͺ
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