$SHIB $SHIBAINU - Probably not done yet.
SHIB SHIBAINU - Probably not done yet. Not ruling out a bounce from the double bottom, but I'd be more comfortable with a good ol' 90% retrace. There is confluence to the left of the chart before the start of the impulse at around 0.012878 (1000SHIB). Nice impulse for macro 1 with an extended 5th followed by what looks like a 5-wave A structure. I highlighted where the divergences are for wave 5 vs wave 3, in case you are new to Elliott Wave Theory.
Safe trading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.