DOGEUSDT Weekly Analysis - Contracting Falling Wedge + Elliott W

The weekly chart is forming a Contracting Falling Wedge (also known as a descending wedge). Within this structure, we have a completed Elliott Wave Zigzag correction labeled (A)-(B)-(C):

(A): Initial decline
(B): Corrective retracement rally
(C): Final leg down completing the zigzag at the lower wedge boundary

Higher Timeframe Context:

Weekly: Zigzag pattern in corrective phase (Confidence 54%)
Monthly: Diagonal pattern in motive phase (45%)
3-Month: Ranging pattern (phase unknown 10%)
Multi Timeframe Alignment: Neutral

Current Scenario:
The corrective zigzag appears complete at a strong Higher Timeframe (HTF) support zone. This setup strongly supports bullish trend resumption and a potential breakout from the contracting falling wedge.
The projected line indicates significant upside potential as the long-term correction exhausts.
Key Levels:

Support: Lower boundary of the falling wedge + HTF support zone (near current lows)
Resistance: Upper wedge boundary + previous (B) high
Invalidation: Sustained breakdown below the wedge support

My Rating: ⭐⭐⭐⭐ (4/5)
Strong bullish reversal setup with good pattern completion at major support. Solid confluence for the next impulsive move higher.
Pure technical analysis only.