This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
AMD has rose massively these past couple of weeks but we are finally seeing major signs of a pullback. We are seeing a very strong signal from the VCPI to sell, meaning that AMD's recent uptrend isn't supported by volume. Not only are we seeing indications of a downwards movement on the daily but the 4h timeframe already started to indicate bearishness by crossing...
This stock has been way too hot. Which is awesome, my calls printed every day this week. However, it's likely do to reverse, and this is due to possible volume exhaustion on the stock.
How to tell if the stock is approaching V.E.?
1- Gap up on the chart. From Tuesday to Wednesday the stock made a considerable gap up on the daily chart.
2- Huge spike in volume....
AMD has formed a double top, this is a very bearish pattern.
Also amid chip shortages, high inflation, and many other things we should see a big dip coming very soon in the long term.
This is the weekly chart so the dip should take a few weeks to come.
AMD head and shoulders
let me start by saying that amd has been one of my favorite ticker symbols out there and have always been bullish on it
however , we are seeing a shift into value and a move away from tech.
worries over inflation only add to the selling pressure.
i am no bear but given the above variables as well as the head and shoulders pattern on the...
Nice setup here. As long as it stays over 87, we can target 94.49-95.50-100. PLEASE have a tight stop loss on all your longs and dont leave much capital on the line. These coming days are a flip coin! Happy trading :)
AMD has not fared well since earnings and looks to be about to re-test a previous low. Exit should have been at least mostly executed, but it isn't too late because this is going to fall further. It has room to.
Happy trading, GL, not advice, etc.