When you zoom out it's simpler, this is the previous double top area of AMD. Investors will be looking to protect their growth from falling below one of the last strong support areas so I believe this to be a likely area for a retrace, with the obvious target being the 0.618 line.
We must also consider what could bring it down to this price, the July 28th FOMC meeting where they will likely declare a recession, along with more rate hikes and further QT.
We must also consider what could bring it down to this price, the July 28th FOMC meeting where they will likely declare a recession, along with more rate hikes and further QT.