it seems I am late sorry I added three SHIBO indicators to the chart Three strong waves were calculated and the results were interesting. Based on experience, after these three waves, we usually drop at the end of the last wave result(1H3:TP1) Do you believe that SHIBO can be so accurate? Sometimes ETH becomes the market leader.
Trade closed: stop reached
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Consider this idea as a guide
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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 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)
how to use prediction: SHIBO show you max of 3 Take Profit line and max 3 border line the best one is TP1 that has higher winrate
using border line(SL1,SL2,SL3): if price bounce from border line(SL) it could take TARGET but if price break border line and close on it so prediction may fail and stop Reach.
how TP & SL Connected? the stop Loss for TP1 is SL1 the stop Loss for TP2 is SL2 and so on
please comment and let me know.
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When all the features of the chart are activated, it becomes crowded but check each TP,SL,CTP
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