Hello traders, Shiba in daily timeframe , In this currency, we assume that the first wave 1 and 2 have been completed and wave 3 has completed the first microwave, and now we are inside wave 2.
Wave 2 Due to its previous structure and slope, it is probably zigzag and in this zigzag, the waves are such that the end of wave a is not known.
We consider two possibilities:
In the first probability, wave a is over, and from wave b an ascending wave remains, and after its formation, wave c begins to descend.
In the second probability of wave a , two more microwaves remain, which after colliding with the red trend line of the first wave go to the pink trend line, and in that range of re-descent to microwave 3 of wave 1 will be formed.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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Wave 2 Due to its previous structure and slope, it is probably zigzag and in this zigzag, the waves are such that the end of wave a is not known.
We consider two possibilities:
In the first probability, wave a is over, and from wave b an ascending wave remains, and after its formation, wave c begins to descend.
In the second probability of wave a , two more microwaves remain, which after colliding with the red trend line of the first wave go to the pink trend line, and in that range of re-descent to microwave 3 of wave 1 will be formed.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.