Hello Traders,
I'm sharing a weekly chart analysis for AMD, where I’ve identified a Cup & Handle pattern. The current price is $148, and it's retesting the broken red trend line.
I suggest considering a short position targeting $100. I've also included a back test for the two previous patterns, which support the validity of the middle red trend line.
It's important to note that if AMD reaches the $100 level, the Cup & Handle pattern above the blue trend line will become valid, potentially targeting even lower levels around $55, or possibly further down.
Additionally, pay attention to the downtrend progression channel in cyan. The current price of $148 is positioned around the resistance of this channel's middle line.
If these scenarios play out, a harmonic pattern may also form, which I will define at a later stage.
Stay cautious and manage your risk!
I'm sharing a weekly chart analysis for AMD, where I’ve identified a Cup & Handle pattern. The current price is $148, and it's retesting the broken red trend line.
I suggest considering a short position targeting $100. I've also included a back test for the two previous patterns, which support the validity of the middle red trend line.
It's important to note that if AMD reaches the $100 level, the Cup & Handle pattern above the blue trend line will become valid, potentially targeting even lower levels around $55, or possibly further down.
Additionally, pay attention to the downtrend progression channel in cyan. The current price of $148 is positioned around the resistance of this channel's middle line.
If these scenarios play out, a harmonic pattern may also form, which I will define at a later stage.
Stay cautious and manage your risk!
交易结束：到达目标
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。