AMC continues to meet strong resistance at the .618 Fibonacci projection level identified in the main post. That level is at 25.79. If AMC is able to *close* above this level, especially for the week, then further downside should not be anticipated, further upside should be possible until another reversal pattern forms.
In addition, the exhaustion candle (6 bars ago) is now too remote in time to have much continuing predictive effect. As mentioned in a prior update, a -24% decline from the peak of the exhaustion candle may be all that candle has to offer.
The .618 projection level at 25.79, however, remains viable until broken on a close. So far, the only candles breaking it have been rejected back below by the close.