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SHIBA points to starting point of cycle mania

SHIBA points to starting point of cycle mania
Gregor HorvatGregor HorvatWavetraders

The book says: Every mania is followed by a decline that ends at the starting point of the advance. SHIBA can be still looking for wave (C) sell-off that can send the price back down to 0.*10 – 0.*05 support zone and beginning of mania cycle, especially if we consider current sideways bearish running triangle pattern in wave (B) that can be approaching the end soon.

Also read: AMC stock heads toward fourth straight session of losses

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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