The semiconductor giant AMD is flashing major warning signs on the higher timeframes. After a parabolic run, we are seeing a confluence of bearish technical factors that suggest the local top is officially in.
📉 The Technical Confluence
1. Global Resistance Rejection: Price has demonstrated a violent reversal from a long-standing global resistance trendline. This wasn't just a touch; it was a rejection that suggests big players are distributing their positions.
2. Bearish Double Top + RSI Divergence: We can clearly see a Double Top formation on the Daily chart, combined with the solid RSI Divergence. This structural pattern often serves as the precursor to a long-term trend reversal.
🚀 The Short-Term Gap Fill
On February 4, 2026, the price opened with a solid Gap Down. In many cases, the market likes to re-test the "scene of the crime" before the real move starts.
Near-term Outlook: We may see a relief rally to fill the gap around the $230.00 area.
The Opportunity: This $230 zone is our "Point of Interest" (POI) to look for short entries once the gap is filled and bearish price action returns.
🎯 Targets & Macro View
If the structure holds and the rejection from the gap-fill is successful, we are looking for a massive downtrend with the following targets:
Conclusion: The risk-to-reward ratio for a short position near the gap fill is highly attractive. However, wait for the $230 re-test to ensure you aren't chasing the move.
What do you think? Is the AI/Semiconductor hype finally cooling off? Let me know in the comments! 👇
📉 The Technical Confluence
1. Global Resistance Rejection: Price has demonstrated a violent reversal from a long-standing global resistance trendline. This wasn't just a touch; it was a rejection that suggests big players are distributing their positions.
2. Bearish Double Top + RSI Divergence: We can clearly see a Double Top formation on the Daily chart, combined with the solid RSI Divergence. This structural pattern often serves as the precursor to a long-term trend reversal.
🚀 The Short-Term Gap Fill
On February 4, 2026, the price opened with a solid Gap Down. In many cases, the market likes to re-test the "scene of the crime" before the real move starts.
Near-term Outlook: We may see a relief rally to fill the gap around the $230.00 area.
The Opportunity: This $230 zone is our "Point of Interest" (POI) to look for short entries once the gap is filled and bearish price action returns.
🎯 Targets & Macro View
If the structure holds and the rejection from the gap-fill is successful, we are looking for a massive downtrend with the following targets:
- Target 1: $150.00 (Closest Support area)
- Target 2: $100.00 (50% retracement from current levels)
Conclusion: The risk-to-reward ratio for a short position near the gap fill is highly attractive. However, wait for the $230 re-test to ensure you aren't chasing the move.
What do you think? Is the AI/Semiconductor hype finally cooling off? Let me know in the comments! 👇
📚 Education | Trade ideas | Market Researches in our FREE TG Channel:
👉t.me/BMNTrading
👉t.me/BMNTrading
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📚 Education | Trade ideas | Market Researches in our FREE TG Channel:
👉t.me/BMNTrading
👉t.me/BMNTrading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.