Spotted a textbook bull pennant formation taking shape on $AMD across lower timeframes. This classic consolidation pattern typically signals strong continuation potential once the breakout materializes. The setup shows price action compressing within defined upper and lower boundaries—a telltale sign that buyers and sellers are reaching equilibrium before the next directional move. Traders watching this pattern often look for volume confirmation during the breakout to validate the move. Short-term traders particularly favor this setup on lower timeframes where entry opportunities and risk management become more granular. If you're tracking AMD price action, this pennant structure offers a textbook case study in how institutional players often consolidate positions before acceleration phases. Key is monitoring whether the upper resistance gives way with conviction or if price respects the lower support instead.