Hey traders,
On the 4H timeframe, SHIBUSDT seems to be completing Wave III of a classic 5-wave impulse structure. We can clearly identify:
- Wave I and II behind us
- Wave III topped out recently with a strong push upward
- Now expecting a Wave IV correction to unfold
What supports this setup:
- Wave II was an irregular correction (note how Wave B pushed above Wave A).
- According to Elliott Wave alternation rules, if Wave II is complex/irregular, Wave IV is likely to be a simple ZigZag (ABC) correction.
- Zigzags are typically sharp and quick, which fits the momentum of the current market structure.
🕵️♂️ What’s next?
- The potential correction target lies in the marked rectangle zone (around -10% to -13% drop
from the recent top).
- On lower timeframes (like 7min or 10min), we’ll be watching for a support break to confirm
the start of Wave IV.
- If the support is broken with confirmation, that may offer an opportunity to enter a short
position — as long as it fits within the personal risk parameters.
📌 Disclaimer: This is not financial advice. Trading is risky — always manage your risk, do your
own research, confirm your setups, and never blindly follow others. Stay safe and smart.
🧠 Are you planning to catch this correction? Or waiting for the final Wave V? Let me know in the comments 👇
On the 4H timeframe, SHIBUSDT seems to be completing Wave III of a classic 5-wave impulse structure. We can clearly identify:
- Wave I and II behind us
- Wave III topped out recently with a strong push upward
- Now expecting a Wave IV correction to unfold
What supports this setup:
- Wave II was an irregular correction (note how Wave B pushed above Wave A).
- According to Elliott Wave alternation rules, if Wave II is complex/irregular, Wave IV is likely to be a simple ZigZag (ABC) correction.
- Zigzags are typically sharp and quick, which fits the momentum of the current market structure.
🕵️♂️ What’s next?
- The potential correction target lies in the marked rectangle zone (around -10% to -13% drop
from the recent top).
- On lower timeframes (like 7min or 10min), we’ll be watching for a support break to confirm
the start of Wave IV.
- If the support is broken with confirmation, that may offer an opportunity to enter a short
position — as long as it fits within the personal risk parameters.
📌 Disclaimer: This is not financial advice. Trading is risky — always manage your risk, do your
own research, confirm your setups, and never blindly follow others. Stay safe and smart.
🧠 Are you planning to catch this correction? Or waiting for the final Wave V? Let me know in the comments 👇
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน