hi friends
this is Weekly chart of Litecoin LTCUSDT
I applied SHIBO to First Wave(W1 Start)
the result is good but lowest point of correction broke Warning level
and look at that w1:CTP3 >>> WOW
next wave HH is touched nice and latest wave is very close to w1:TP1
so this can prove that SHIBO algorithm works fine
now i apply it to latest wave impulse started W2
but correction is not finished or not predictable but we put red arrow to current candle low
we have w2:CTP3(401) and W2:TP1(515)
but note that Correction pulse broke Warning level(257)
let see what will happen next weeks
ALERT: Trade on Your Risk and analysis. use this prediction along your trade plan and Analyzes.
----------------------------------
What is SHIBO?
I'm researching a method I have named SHIBO.
SHIBO sets the price of the next ceiling(Target, Take Profit ,TP) based on the price movement of power and its correction.
I am examining this method and determining its rules. To date, this method has been very accurate.
Take a look at previous ideas to see how successful they have been.
After I was able to register this method and style in my own name i will reveal Details.
I must first prove that this method is very accurate.
So I put my ideas together so that more people can get acquainted with it
THINK Simple is my approach. there are no more lines and too many shapes on chart. its simple to understand. if you are looking for complicated analysis so community is full of them. I respect them all.
now go to chart
I calculate Stop Loss(Border,SL) and Take Profit(TP1,Tp2,TP3) points based on :
1-price movement
2-price start, high and retracement
3-i don't look for S & R lines(but if you found border line and price are according to them it is a very good Sign)
this is Weekly chart of Litecoin LTCUSDT
I applied SHIBO to First Wave(W1 Start)
the result is good but lowest point of correction broke Warning level
and look at that w1:CTP3 >>> WOW
next wave HH is touched nice and latest wave is very close to w1:TP1
so this can prove that SHIBO algorithm works fine
now i apply it to latest wave impulse started W2
but correction is not finished or not predictable but we put red arrow to current candle low
we have w2:CTP3(401) and W2:TP1(515)
but note that Correction pulse broke Warning level(257)
let see what will happen next weeks
ALERT: Trade on Your Risk and analysis. use this prediction along your trade plan and Analyzes.
----------------------------------
What is SHIBO?
I'm researching a method I have named SHIBO.
SHIBO sets the price of the next ceiling(Target, Take Profit ,TP) based on the price movement of power and its correction.
I am examining this method and determining its rules. To date, this method has been very accurate.
Take a look at previous ideas to see how successful they have been.
After I was able to register this method and style in my own name i will reveal Details.
I must first prove that this method is very accurate.
So I put my ideas together so that more people can get acquainted with it
THINK Simple is my approach. there are no more lines and too many shapes on chart. its simple to understand. if you are looking for complicated analysis so community is full of them. I respect them all.
now go to chart
I calculate Stop Loss(Border,SL) and Take Profit(TP1,Tp2,TP3) points based on :
1-price movement
2-price start, high and retracement
3-i don't look for S & R lines(but if you found border line and price are according to them it is a very good Sign)
Trade active:
major stop loss touched one time
