AMD - Our short SMASHED! Buyers in fact needed liquidity built
We predicted this liquidity build by the buyers using our controlled selling orange channel. This morning off of strong selling volume, we gapped down towards the bottom of this channel and are now looking to see how takes control. Can buyers utilize green contination to break us out of orange selling? OR will we see purple tapered controlled buying being utilized by sellers to build more liquidity to then sell off further. Stay tuned! Happy Trading :)
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