This idea was highlighted to me by DrunkMonk. Thanks, mate.
Indeed I see here a clear buy opportunity. I do not know what AMC is .. quickly googled. It is involved in the theatrical exhibition business. Deeply in debt.. but the business is undervalued. Barely profitable. Paying huge dividends.
Thank you so much for providing clarity on the count. I'm going over some rules & guidelines to elliot wave triangles. Hopefully can identify these fairly complex corrections more easily in the future.