The ram which you saw having two horns represents the kings of Media and Persia.
Then I lifted up my eyes and looked, and behold, there stood before the river a ram which had two horns, and the two horns were high. But one was higher than the other, and the higher one came up last.
Persia, Cush, and Put with them, all of them with shield and helmet.
The rough goat is the king of Greece, and the great horn that is between his eyes is the first king.
“After you, another kingdom inferior to you shall arise, and a third kingdom of bronze, which shall rule over all the earth.
Peres: your kingdom has been divided and given to the Medes and Persians.”