AMD LongAdvanced Micro Devices, Inc.BATS:AMDProSignalaiLooking at AMD on the 15-minute chart, the broader market structure remains bearish overall, with price forming a series of lower highs and lower lows since the swing high near 186.65, which also marked a Break of Structure (BOS). That BOS confirmed seller dominance at the time. However, a recent Change of Character (CHoCH) around 157.8 signaled the end of the sharp downtrend and the beginning of a recovery phase, as buyers defended key demand and shifted momentum back upward. This suggests that while the macro structure is still heavy, the short-term trend is attempting a reversal. The key supply zones are clustered between 176–178 and further above at 182–184, where price previously dropped sharply, showing strong selling pressure. These are strong supply levels, as sellers reacted aggressively there. The nearest demand zone sits around 164–166, where buyers stepped in firmly and defended the structure after the CHoCH, marking it as a solid base. Below that, demand extends into the 158–160 range, but that zone would only come into play if the higher demand fails. Within the marked region, price is currently reacting to the 167 supply area, showing minor hesitation but not heavy rejection yet. Momentum still leans in favor of buyers after the recent higher low was formed. If buyers hold above 166, the likely scenario is a push higher toward the 176 zone, where sellers are expected to re-enter. However, if 166 fails and price breaks back below 164, this short-term bullish setup would be invalidated, and sellers would regain control. Trade bias: Bullish in the short term Expected direction: Continuation higher into 176 supply after holding above 166 demand Invalidation level: A breakdown below 164 would weaken the bullish outlook Momentum condition: Buyers currently hold the edge with higher lows forming, though supply remains heavy overhead Price behavior: Controlled upward structure, with buyers gradually reclaiming levels