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The bearish Elliot waves prevail

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When I presented forecasts of bear markets on the memes in 2021, I was routinely met with reasons as to why TA would not be applicable on these. It was a brave new world we were in (Which was the warning bad stuff was coming).

Despite all the reasons proposed for why these would not following charting norms, the basic Elliot wave bearish cycle has played out almost perfectly in AMC.

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AMC bearish Elliot waves

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