$AMD fell about 20% in ten days from its October high. I lean long, but not at this price. The bigger uptrend from September is intact. The 4h chart is not. So I'm waiting for one more leg down into a limit zone, not chasing. Price now sits in the lower half of the whole September move. The case: - Daily EMAs are still stacked bullish, and the leg's origin hasn't broken. - A 79% retracement, the 12h EMA50 and the pre-breakout September high share one zone. - On the 1h, price made a lower low while selling pressure faded. Separate reasons on one shelf justify a resting order. ICT view: higher-timeframe bias points up, internal 4h structure points down. That split is why I want price to sweep the sell stops under the recent low and fill into the OTE zone, not buy into live bearish order flow. Where I'm wrong: a break of the last 12h swing low. That's the last defense of the September leg; losing it means the rally likely ended at the October top. Risks: chip stocks are down about 16% in a month on AI spending worries. The Oct 28 Fed decision, big tech earnings and AMD's Nov 3 report can all move price hard. Wyckoff reads distribution here, so conviction stays modest. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.