AMAT LongApplied Materials, Inc.BATS:AMATProSignalaiThe broader market structure on AMAT (15-minute) shows a clear bearish trend following the major Break of Structure (BOS) at 226.46, where price violated a previous higher low and shifted momentum downward. This BOS confirmed the end of the prior bullish leg and established a lower-high–lower-low sequence. The most recent swing low at 211–212 marks potential short-term support, and a decisive Change of Character (CHoCH) would only occur if price breaks back above 218–219, signaling that buyers have regained control. The supply zones between 222–225 remain strong—each time price reached these areas, sellers stepped in aggressively, producing long upper wicks and strong downside moves. The most recent reaction from mid-range supply at 218–220 was particularly sharp, confirming heavy selling interest and validating the bearish continuation bias. On the demand side, the 211–212 zone has been a critical base where buyers previously stepped in with strength, creating a rally that reclaimed over four points before losing steam. This suggests the zone retains moderate strength, though it may weaken if retested quickly. Currently, price is testing that same demand region again after a steep decline from supply, showing some stabilization but no confirmed reversal yet. Candles are forming smaller bodies with lower wicks, signaling an early response from buyers, though momentum still favors sellers after the recent impulsive drop. The likely near-term scenario is a minor pullback into the 214–215 area (50% retracement) before a potential continuation higher toward 217, provided the 211.50–212 zone holds firm. A clean break and close below 211 would invalidate the bullish retracement idea and open the path toward the deeper demand cluster near 204–205. Momentum currently leans slightly bearish, but short-term exhaustion suggests a corrective bounce could develop. There are no major news or macroeconomic catalysts supporting this setup today, so intraday order flow and technical reaction at demand will drive the next move. Trade bias: short-term bullish retracement within a broader bearish structure. Key invalidation level: sustained breakdown below 211.00.