This scenario states that after completing the impulsive 5 waves (cyan) to complete wave A-red, price retraced 90% in Elliottewave WXYXZ-cyan pattern to complete wave B-red and now we've began the 5-wave (cyan) for wave C.

Note that the corrective wave A & B (red) could be impulsive wave 1 & 2
Note
since this scenario came through for SHIBUSDT now is time to look for a good entry. I will post an update
Note
See Update:

SHIBA ON THE RUN TO A NEW ALL TIME HIGH
Chart PatternsGannWave Analysis

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