Naniwa's Chart Doctor Masao Jindo's Intermediate Wave Strategy Method! | Episode 5 Understanding the Pennant [Masao Jindo]

Many people are highly interested in trend markets where profits can be substantial, but some may not show interest in market conditions without a trend. To capture profits entirely in a trend, you need to master the mid-market phase, the intermediate movement when a trend has not yet formed. Here, Masao Shindo will teach us how to攻略 such intermediate movements.

※This article is a reprint and revised edition of an article from FX攻略.com, February 2020 issue. Please note that the market information described in the text may differ from the current market.

※The “intermediate movement” used in this series has no relation whatsoever to the intermediate movement in the Ichimoku Kinko Hyo.

Masao Shindo Profile

Shindou Masao. Serving as a strategist and technical analyst under Kojiro Tezuka’s office (Tezuka Koji Office Co., Ltd.), he shares various chart analysis ideas on TradingView.

Twitter：https://twitter.com/masao_shindo

Learning the Basic Pennant

Hello everyone. Last time, we explained the mechanism behind the appearance of “flags.” By understanding not just the chart shapes but the underlying mechanisms, you can trace the battle between buyers and sellers on the chart. Merely understanding how flags are formed and how those flags break down will immediately broaden your trading opportunities.

This month, to level up further, we will explain the “pennant.” In the first installment, we introduced triangles, but in the intermediate movements, it is also called a pennant. The triangle shape is highly nuanced with many patterns, so let’s start by learning the basic pennant. By understanding this pennant, you will be able to respond to shakes and shake-outs that occur in the middle of a trending market. We will gradually raise the level from here, so please stay with us.