AMD looks overbought for now, Possible head & shoulders forming

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 ist aktiv:

Trade ist aktiv:

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)

Kommentar:

Kommentar:

SHORT still going, updated elliott count:

Trade ist aktiv:

still very short. The shouldnt didnt form as perfect as expected, but chart/EW could still looks quite bearish.