*** Chart Update 6/22 ***
AERC appears to be holding and consolidating on necessary key levels as of now which keeps me bullish on the play. I have added shaded regions from the top of leg 3 for retracement zones. It would be really nice to see this hold above 16 however does have room to retrace all the way down to around ~$14.25 without breaking the Elliott...
After spending a long time analyzing ticker $AERC, we found some anomalies that may have skewed detection of a proper Elliott wave pattern. The long short of it is that outliers, two events; the massive sale of short exempt shares, and consecutive market crashes caused anomalies in the formation of the Elliott wave pattern skewing it from showing where the move is...
