#DOGE# likely saw a completed 5-wave impulse up to the $0.2875 top

Wave 1: From ~$0.14 to ~$0.195
Wave 2: Pullback to ~$0.18 (shallow and quick)
Wave 3: Major leg from ~$0.18 to ~$0.26
Wave 4: Correction to ~$0.22 (approx. 0.382–0.5 retracement)
Wave 5: Final push to $0.2875

Current Structure is in a corrective phase down.
The move from $0.2875 down to $0.1820 resembles a complex ABC correction, likely in a zig-zag (5-3-5) pattern:

Wave A: $0.2875 → ~$0.22
Wave B: Rebound to ~$0.2486 (mid-July)
Wave C: ~$0.2486 → current low ~$0.1820 (extended leg)
Wave C seems to be a completed 5-wave internal structure — suggesting the correction may be done or near complete.

Given this structure, here are two main scenarios:

Bullish Scenario (Higher Probability)
Assumes Wave C of the correction is complete and a new impulsive move up (Wave 1 of next cycle) is starting from ~$0.1820.

However confirmation needed with a break above $0.2075 (0.618 retrace)

Invalidation occurs if price falls below $0.1820

Warning signs:

Rejection at $0.2075–$0.2100 area
RSI fails to break above 50, price stalls near Fib levels
Then potential downside targets:

🔻 $0.1789 (1.618 extension from the previous Fib)
🔻 $0.1565 (1.382 extension from prior impulse)
🔻 $0.1408 (maximum extension, extreme correction)