Naniwa's Chart Doctor, Shoji Kamito's Intermediate Wave Strategy Method! | Episode 8: How to Identify Trend Markets and Intermediate Waves ② [Shoji Kamito]

Many people are highly interested in trending markets where profits can be substantial, but there may be others who show no interest in markets without a trend. To capture profits entirely in a trend, you need to master the phase known as the intermediate wave, where there is no established trend yet. Here, Masao Shindo will teach us how to conquer such intermediate waves.

※The “intermediate wave” used in this series has no relation whatsoever to the intermediate wave in the Ichimoku Cloud.

Masao Shindo Profile

Shindō Masao. He serves as a strategist and technical analyst under Kojiro Takeda, the representative of Takeda Koji Office Co., Ltd. He posts various chart analysis ideas on TradingView.

Twitter：https://twitter.com/masao_shindo

Deepening the Understanding of Support and Resistance

Hello everyone. Last time, we were able to confirm whether the overall movement was an intermediate wave by drawing only two horizontal lines. In a rising market, we draw a horizontal line at the end-highs of the trend and the lowest low after that. The intermediate-wave trading method starts from drawing this line, and by deepening understanding of this basic part, your approach to trading will change dramatically. This time, we will delve deeply into that part, so be sure to study it thoroughly.