***This is an Update To Related Idea***
Warning: Please do not trade based on this idea. This price forecasting method is under review and development.
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in this 4 hour Chart
an Impulse Started and Labeled 4H1_Impulse Start and ended in the red label
Running SHIBO Method(My own invention) on this Impulse lead me to the Price 0.12574(4H1_TP Green Label)
This Green Label Act as a Resistance and Price has reacted to this line 8 Times and Finally Breaked Out.
Performing the SHIBO method on the second wave(4H2), which is not very strong, predicts a price of 0.21576.
Similarly, the third wave and the implementation of the SHIBO method on it predicts a price of 0.14225
Impulse labeled 4H4 now finished
So that I can implement the SHIBO method on it and specify the next value of the price
based on This Impulse price could Goes up to .15089
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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
Warning: Please do not trade based on this idea. This price forecasting method is under review and development.
----------------------------------
in this 4 hour Chart
an Impulse Started and Labeled 4H1_Impulse Start and ended in the red label
Running SHIBO Method(My own invention) on this Impulse lead me to the Price 0.12574(4H1_TP Green Label)
This Green Label Act as a Resistance and Price has reacted to this line 8 Times and Finally Breaked Out.
Performing the SHIBO method on the second wave(4H2), which is not very strong, predicts a price of 0.21576.
Similarly, the third wave and the implementation of the SHIBO method on it predicts a price of 0.14225
Impulse labeled 4H4 now finished
So that I can implement the SHIBO method on it and specify the next value of the price
based on This Impulse price could Goes up to .15089
--------------------------------------------------
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
İşlem kapandı: hedefe ulaştı:
Bingo.....Exact
İşlem kapandı: hedefe ulaştı:
Second Target...........Love You SHIBO
