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 👇
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。