This is my primary count - We had a leading diagonal A wave and are now in a complex WXY correction. The Y wave we are in currently looks to be forming a flat but could also turn into a triangle.
If we see support in the 7342 area, I will stay with this count and look for one more small move up to the top of the channel around 7670. I will short in that area to catch the Y wave move down.
If we DO NOT see support in the 7342 area, I will then look for support in the 7270 golden zone of this most recent move upward. That would be more indicative of a triangle formation.
Can you please take a quick look at AMC stock? It looks like a WXY from ATH and now working Y down however I cant figure out a count that seems to work. Signs of a major pivot approaching but I cant figure out the count within Y down from under 22. Please help. Merry Christmas.