Potential break out on Advanced Micro Devices $AMD

12. Juli 2014

AMD trading in the midst of a bearish flag/pendant pattern. Inside of this pattern we have two high probability bearish reversal harmonic patterns. A cypher (purple) & and bat (red) pattern.If price action ever make it up to these two patterns, We may see a potential false break out here, we have previous structure resistance dating back to 2008 at $7.07 & $7.95 price levels. Price may reject the harmonics and tumble back down, or we may see price reject the harmonics and find the current flag patten as support.

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