My thoughts about AMD

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My thoughts about AMDAdvanced Micro Devices, Inc.BATS:AMDTiberiumHarvesterI've been watching AMD and the other semis for a while now, they're clearly overpriced right now and unless they stay in this range for months to years they will have to correct at some point. I see that the downfall has started on July 28th (arguably July 17th) and is now accelerating. With the high volatility that this stock has it's probably not too obvious looking at day to day price action but what I see is that AMD is constantly making lower highs and lower lows which are signs for a downward trend. On top, we can draw an arc to show that AMD is currently creating a textbook rounding top formation, that alone wouldn't mean anything as rounding patterns could still go up but with the other signs it shows a clear picture: After the hype, interest is now slowly fading, sell pressure is accelerating while there are still people buying into the stock because the prices that looked crazy cheap just recently are now back on the table. This slows the downfall but it can only do so for so long, at some point there will be nobody to buy and the drop goes vertical. I think that all this is happening soon because the last 2 days we had a volume well above EMA, with the price moving not nearly as much this indicates to me that more and more people are using the buyers as exit liquidity. I'm not very experienced yet and I haven't seen these things play out in the past therefore take my analysis with a grain of salt. Since I'm not shorting it I at least wanted to drop an idea about it as I'm pretty sure that this plays out..