AMD bear butterfly is formed completely and angry buyers were present in 1.27 F
and now AMD bull Butterfly Is ready ( after growing right eye) to fly higher and higher.
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I hope this idea is useful for friends and stock traders.
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candles trend in blue circle
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AMD is Approaching to my First Target . stay with AMD to next target
Trade closed: target reached
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SUPPORT #1 TOUCHED PERFECT and ACCURATE If the price cannot pass this level [90-91] , the price of this share will fall to the next golden level again.
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Bearish AMD Shark Will Start probably at 104.
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Second Attempt in Blue Circle .
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Second Attempt in Blue Circle Complete with minor correction But 132-133$ Is Strong Cement Resistance level for AMD.
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AMD retace after touching to the resistance level. Now we can expect that AMD Butterfly after touching Trend Line has following chart.
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114 Is Strong Support
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possible AMD Trend in next weeks.
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According to the previous idea, the sellers were able to safely cross the forbidden zone after several attempts, and the buyers made a good attempt to increase the price for the first time at the level of 1.27, and now we can expect the price to rise at the level of 1.618 sharply and start the bull trend period.
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Possible Target of AMD Crab
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level 1.27 touhed and minro corretion started toward level l
Trade active
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There is a special pattern called the bearish crab pattern that shows a stock might start going down in price. As I predicted For AMD stock at level 218, this pattern suggests the stock might stop going up and start going down soon.
Trade closed: target reached
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Bearish Trend started
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Bearish Trend started as i expected
Bearish trend on AMD confirmed, just as anticipated. Check out the chart for the two targets for AMD sellers
Can you explain why Fibonacci is impactful and relevant? I'm not being cynical - I'm learning technical analysis still.
swingTradespy
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why AMD stuck at 173 ?
SEYED98
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@surendrachereddy18, it is important to note that reaching the milestone of 173 (level 1.27) is a pivotal and critical indicator for those interested in purchasing AMD products. This particular point in the process holds substantial weight and should not be underestimated. Sure.