$AMD just ripped more than 12% in a day on a Google headline. I'm leaning short — not here, but on a pullback into the resistance cluster just overhead. The bounce looks strong. The structure underneath it doesn't. Last week AMD flushed hard on heavy volume. This news bounce ran straight into the underside of the bigger downtrend, where 12h highs are still stepping lower. Why the zone matters: - The 4h and 12h 200 EMAs sit inside it - So do the last 4h swing high and an unfilled daily gap - A deep Fibonacci retracement of the whole drop lands in the same narrow band Five separate resistances stacked that tight is where sellers usually show up. Divergence is the clearest tell. On the 15m, price made a higher high while RSI and MACD made lower ones. On the 4h, a lower high with a higher RSI is hidden bearish divergence. The lows showed no bullish divergence — a V-bounce on news, not a base. Where I'm wrong: a 4h close back above the last lower high on the 12h ends the lower-high structure. Then a wave-3 extension takes priority. Risks: US CPI tonight can gap semis through the zone, and the Google deal plus an analyst upgrade are real catalysts. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.