I copied the bar patterns after previous major corrections and ended them at the next local peaks. Currently we are in a day 7 after major crash. We should see 60k by the end of the year if it goes well. Out of 5 scenarios, 4 went up, 1 went down. BLUE - Jan 5 - 20k PURPPLE - Jan 14 - 71k YELLOW - Jan 17 - 67k RED - Jan 25 - 61k ORANGE - Mar 25 - 65k
If i copy the bar pattern from previous 2 rallies we get this.
If we break 25 usd and retest 28, I think we will be in 12345 elliot wave theory. With target of 39 in mid february. I copied the 12345 elliot wave from march 2020 to august 2020 and adjusted 1 and 2 points.
If stock market digests omicron news next week, omg should bounce big. We are sitting at 0.618. I expect a quick run to about 12 usd and eventually much higher.
No matter the energy crisis, chart screams buy. There are 3 major peaks in the last decade and this looks like a start of peak 4.
Silver broke out. ABC correction finished. Lets start 12345 wave to 50+.
Second bull flag about to break out. How high can we go? Anything is possible in SHIB...
Based on length of previous runs, pullback coming in 7-14 days.