AMD looks overbought for now, Possible head & shoulders forming

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AMD overbought. Late feb/early march it had its first impulse move down after a 700% run up over the past year. Time for a correction. Waiting to see how high this correction moves up, then when it starts to come back down, great short opp .

Target 11.00
Trade active:
Trade active:

The shoulder formed a little higher than expected, but as of right now, it looks like it's on its way down. Safe short from here with a stop at the high of the possible shoulder (14.68 STOP)
Comment: SHORT still going, updated elliott count:
Trade active: still very short. The shouldnt didnt form as perfect as expected, but chart/EW could still looks quite bearish.
Update: It appears the (b) wave was a wedge, and it looks like we are now starting our possible wave (c) up. Once this completes and if it starts to bend back down, great short opp! I always look for an a=c target, but on such a small time frame, it almost never works out. c usually = either 1.618 of a, or somtimes its a lot shorter, so its best to slowly avg out shorts when it starts heading back down. It could still technically go back up to 15.50, but as long as it doesn't go over, bearish.

Here is the chart that brought my attention to the stock. Its quite parabolic at this point, and due for a pullback. Also bearish RSI divergence.
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