Hi traders, in the daily timeframe Shiba, In this currency, we assume that wave 1 and 2 have been completed and wave 3 has completed the first microwave and now we are in wave 2.
Wave 2 is probably zigzag due to its former structure and slope, and the waves in this zigzag are such that the end of wave a is unknown.
We consider two possibilities:
In the first possibility, wave a ends and a rising wave from wave b remains, and after its formation, wave c begins to descend.
In the second probability of wave A, after colliding with the red trendline of the first wave, two more microwaves are left to go to the pink trendline, and a re-descent of wave 1 to microwave 3 will occur in this interval.
Source ; https://www.tradingview.com/x/G0jFwHTR/
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