Hi friends
Using the SHIBO method in the Weekly chart shows me two target points(8.188, 13.6836)
price is near 1W0_TP target so Think its time for Correction to previous hi(5.2-5.6)
and then Goes up to next target at 1W1_TP
But if the price rejects the border strip 1W1_SL at the time of correction, then the forecast may not be valid
let me know about your analysis by commenting on this Idea.
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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 Border line and Take profit points(Price note Labels) based on :
1-price movement
2-price start, high and retracement
3-market state( bullish or bearish )
4-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)
5-GREEN PRICE Labels are Targets that Reached in previous predictions
6-RED PRICE Labels are those cancelled or Stopped
7-BLUE PRICE Labels are in progress
8-
1W>>predictions based on weekly Chart
4H>>predictions based on 4Hour Chart
1M>>predictions based on Monthly Chart
how to use prediction:
first please go back and take a look at my previous predictions to see how is win rate
second: in totally there are 2 point, one is border line and second is take profit or target
using border line: if price bounce from border line it could take TARGET but if price break border line and close on it so prediction may fail and stop Reach.
border line and targets are Labeled by time frame and variation.it means it may have two or more prediction in one time frame. labels of border and target have same text.
each prediction contain previous prediction labels marked with failure or success.
please comment and let me know.
ALERT: Trade on Your Risk and analysis. use this prediction along your trade plan and Analyzes.
Donate if you Got Benefit
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