SHIBA INU completed 5 waves to the upside as wave 1. Now SHIBA is trying to complete wave 2 as an ABC structure. One more little low will complete wave 5 of C of 2. Note that there is a nice confluence at the end of wave 5 of C of 2 and the 0,618 retracement.
@nlannan, Actually I'm tracking something more bullish. Your yellow 5 is only 3 of 3 in my count.
nlannan
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So we are looking for wave 3 to the up side correct? Thank you for the content!
ulrichniederhausser
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@nlannan, Yes. And, there is the outside chance that this is a huge wave 3 if we consider that the bottom was wave 2. That would put SHIBA at the very start of a major wave 3.
nlannan
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@ulrichniederhausser, Im thinking I like the sound of that sitting on a billion shares lol ol Elliot knew what to look for huh. Thanks
nlannan
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@nlannan, possible 200 to 300 percent upside just on the internal retracement of the 5 wave impulse to the fib 61.8 level reaching anywhere from 0.00003366 to 0.00005183 me likey