$AMC Retracement May Mean Wave 2 Is Early

I know, I know, it’s ridiculous to call this in a market panic, but I have to call it as i see it. Last discussed here, I have been looking for $AMC to complete a 5-wave cycle and it may have early. The pullback today has reached a perfect retracement level and has just the right “look.” My target is now the orange box above.

AMC


[UPDATE]: This now looks like “5 down and 3 up,” and I don’t like it. That’s not what I would expect here in the bullish count. I am cancelling this call while we are still in the neighborhood of the orange box. I will need to monitor the price action from here for a bit prior to making another call.

AMC


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