Shiba Inu should fly from now on after invalidating a key level from last week. the adjusted count is one above, it wasn't clear because most ending structures are like that, the moment my mentor & I (Individually) started questioning ourselves on the clarity of the structure I knew we should be going upside. The wave that started early this month was an ending diagonal which is also mostly similar to corrective structures (3-3-3), The wave looks more like a 3-3-3-3-3, so I had to be patient until it was complete, that's why i was calling for a more conservatives approach looking for that at the very end. Breaking last weeks low was enough to complete the final 5th wave in a diagonal in 3 waves(always after 3 I usually expect an impulse). So the strength of the impulse right up above the May 14, low (0.00001146) means the down side move is now complete.
Targets.
Again conservatively looking, we should see:
161.8% extension $0.0007
200% extension $0.002
261.8% extension $0.012
Alternative.
Is if we Impulsively go down to the bottom of the Channel trendline then push up impulsively again, other than that am not seeing downside anymore.
Targets.
Again conservatively looking, we should see:
161.8% extension $0.0007
200% extension $0.002
261.8% extension $0.012
Alternative.
Is if we Impulsively go down to the bottom of the Channel trendline then push up impulsively again, other than that am not seeing downside anymore.
