"One Piece Pirate Warriors 3" recently released a new trailer showing Shanks' arsenal of moves. Could it be a glimpse of what the Yonkou can do? In the trailer, it shows that Shanks can generate Red Lightning from his Conqueror's Haki and he uses a powerful gun as well.

Also, in this alleged magazine leak, it was revealed that Shanks can manipulate time, which can be assumed as the next level of Observation Haki.

Here is the trailer that shows Shanks' alleged powers. In the video, it can be seen that he is able to slow down enemies and can generate red thunderbolts which could be assumed is his Conqueror's Haki.

So far, here are all the instances in the anime where Shanks had revealed his powers.

During his clash with Whitebeard, it can be seen that he was able to create a storm and even divide the heavens in two. This could mean that the Color of Conqueror Haki could also manipulate elements.

One Piece Gold has a theory about Elemental Haki.

"I have a feeling that Elemental Haki might be a thing in the One Piece World. I noticed that certain characters have moves or attacks that include elements but can't really explain how they use them."

The website added how each character have already showcased their elemental Haki.

"Sanji can generate flaming kicks which burn him at all.

Zoro created tornado using wind (he only went against Monet and we saw how that ended)

Luffy used 'Red Hawk' under water and that did not burn him at all.

Sabo used 'DragonBreath' attack during the Coliseum battle and split the arena with what appear to be wind."