Shiba Inu Elliott Wave Analysis: .618 Extension Hit
In my previous post on Shib, I noted how it was in a multi-year WXY correction and that the termination point for the higher degree wave (Y) and concurrently the higher degree wave (2) will be at the yellow .618 extension. Price has capitulated and has now reached the .618 target. Shib is expected to now rally for an additional 5 waves because: "What starts in 5's, ends in 5's".
Disclaimer
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.