This has been in this diamond for a while. Todays whole pump as been held and rejected from the right axis of diamond. I still believe we see 396 before 430
Based on the current chart, AMD appears to be in a diamond consolidation pattern. However, recent movements have created a large FVG area, indicating potential for a retest of $84 before moving higher. If AMD is unable to hold the $81 support during the retest, it may have hit its high for the next few years. On the other hand, if there is a bounce after retesting...
Moving to CPI, we are at the interesting spot. Either
1.sweep liquidity of 4170 and retest of 4040 before heading back to 4280
or
2. sweep liquidity of 4200 and retest of 4040
There are two scenarios I am considering in AMD
1. Bull Case:- They come up with good er then it might push upto 68ish area and complete the w4-5
2. Bear case:- Er is bad then bear flag might get triggered and flush upto 48 area.
Regardless of ER, I think one more fresh low will be made in AMD.
Looking at the price action, I can see that it has clean breakout and retested.
Two scenarios I am considering
IF retest hold then It might grind up to 160 . I will taking calls if todays high get hold
If breakout failed then it will be epic fail
I am leaning toward the bullish bias because it has bullish divergence too .
Looking at the weekly and daily chart. It is creating good bearish flag. I am considering two scenarios here.
1. Triple bottom bounce with in the range in the upper territory
2. Breakdown and start following the pole length.
Also, looking at the flow, there is a bearish flow. Will be performing more fundamental analysis on it to understand and predict er
