Dogecoin: The Battle Between Wave Y and a New ImpulseDogecoin / U.S. dollarBITSTAMP:DOGEUSDMehdi_Abbasi_EWPDogecoin Daily Chart | Elliott Wave Analysis At this stage, both the aggressive and conservative scenarios remain valid. The key difference lies in how the current corrective structure is interpreted, and only future price action will determine which scenario is actually unfolding. Aggressive Scenario In the aggressive scenario, the current structure may still be part of a classic Zigzag. If this interpretation is correct, I expect the market to first develop a three-wave corrective pattern, at least resembling the behavior of Wave (B) within the current Zigzag. Once that correction is complete, another Zigzag could develop, allowing the entire corrective structure to finish with the typical seven-swing sequence. Another possibility is that the current movement represents only a portion of a higher-degree Wave X. If so, the correction could become considerably more complex, developing multiple nested Zigzag formations before eventually completing a larger Wave Y, and ultimately Wave (IV). For now, both interpretations remain valid until future price action provides structural confirmation. Conservative Scenario In the conservative scenario, the correction of Wave X, interpreted as an Extended Leading Diagonal, is viewed as having been completed through a classic Zigzag, potentially completing the entire corrective cycle. If this interpretation proves to be correct, a breakout above the previous Wave B high of the recent Zigzag would provide the first meaningful confirmation that the next bullish phase is underway. However, at the current stage, a three-wave corrective structure remains the more probable outcome until the market confirms otherwise—particularly if the Extended Leading Diagonal has already reached completion. As always, the market will determine the correct path. Until then, structure, invalidation levels, and future price action remain our most reliable guide. Patterns whisper. I listen. — Mr. Nobody | Elliott Wave Principle Dogecoin 2 hours ago Dogecoin Daily Chart | Elliott Wave Analysis