AMD Bearish Engulfing + RSI Divergence + High TTM SqueezeAdvanced Micro Devices, Inc.BATS:AMDGutta_CEO_AMD just printed a clean Bearish Engulfing candle on the weekly timeframe after a massive parabolic run. Followed by another lower weekly close after buyers fail to regain strength. Key confluences showing up: • Strong Bearish Divergence on the RSI (price making higher highs while RSI makes lower highs) • High Rounding TTM Squeeze — momentum has peaked and is now rolling over while the squeeze remains compressed • Rejection right at the upper trendline extension This is a high-confluence bearish setup at all-time highs. The combination of the engulfing candle + divergence + momentum rollover increases the probability of a meaningful pullback or consolidation phase. Key levels to watch: • Close below $495 (Previous week’s low) • Breakdown below $485 (June 8 Weekly Open) Watching closely for follow-through selling. High-probability reversal setup developing on AMD. #AMD #BearishEngulfing #RSIDivergence #TTMSqueeze