DOGE in long-term correction. Regular Flat ABC in X of WXY.
Updated
DOGEUSD
Function: Corrective
Wave Family: Regular Flat ABC in X of WXY
Macro count: Complex Zig-Zag in Cycle 4
Invalidation points: Below Wave B in X or higher than the 78.6 of May 4th, 2021 high and the October 9th, 2023 low.
Description: DOGEUSD is moving impulsively in the C wave of a regular flat (ABC) in a complex zig-zag (WXY). The regular flat has a simple zig-zag in Wave A and a complex zig-zag in Wave B that retraces 90% of Wave A and Wave C is expected to extend to either 61.8, 100.0, or 123.6 of Wave AB. Price is expected to move down to retest the 21W SMA (light blue) in wave ((ii)) of C before moving higher in wave ((iii)) of C.
Function: Corrective
Wave Family: Regular Flat ABC in X of WXY
Macro count: Complex Zig-Zag in Cycle 4
Invalidation points: Below Wave B in X or higher than the 78.6 of May 4th, 2021 high and the October 9th, 2023 low.
Description: DOGEUSD is moving impulsively in the C wave of a regular flat (ABC) in a complex zig-zag (WXY). The regular flat has a simple zig-zag in Wave A and a complex zig-zag in Wave B that retraces 90% of Wave A and Wave C is expected to extend to either 61.8, 100.0, or 123.6 of Wave AB. Price is expected to move down to retest the 21W SMA (light blue) in wave ((ii)) of C before moving higher in wave ((iii)) of C.
Note
DOGEUSD 4H
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