AMD primed for breakout
Falling wedge forming on 4H & D timeframes. Looking for bounce off upper keltner channel & 9 EMA on daily timeframe for continuing bullish momentum. On the 4H price bounced off lower keltner channel at a good support level confirmed by Fibonacci pivots (marked by yellow levels).
Falling wedge also confirmed on the hourly timeframe as well as a bullish MACD cross on the 15m. Will wait for break & hold of 110.46 to confirm the breakout & prepare for entry on break or retest of upper trend line.
Falling wedge also confirmed on the hourly timeframe as well as a bullish MACD cross on the 15m. Will wait for break & hold of 110.46 to confirm the breakout & prepare for entry on break or retest of upper trend line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.