What is the Naniwa Chart Doctor: Masao Kondou’s Intermediate Wave Strategy Method! ｜ Episode 11 How to Analyze Scenarios ② [Masao Kondou]

There are many people who are highly interested in trend markets where profits can be substantial, but perhaps there are also those who show little interest in markets without trends. To take profits fully in a trending market, you need to master the phases in which no trend has formed, known as interim waves. Here, Masao Shindo will teach us how to master such interim waves.

※This article is a reprint/edit of an article from FX攻略.com August 2020 issue. Please note that the market information written in the main text differs from the current market.

※In this series, the term “interim wave” used here is not at all related to the interim waves in the Ichimoku Kinko Hyo.

Masao Shindo Profile

Shindo Masao. He serves as a strategist and technical analyst under Kojiro Tezuka’s company The Tezuka Koji Office, where he is the president. He posts various chart analysis ideas on TradingView.

Twitter：https://twitter.com/masao_shindo

Hello everyone. Last time, we drew horizontal lines, trend lines, and channel lines. We examined different scenarios so we could respond whether prices rise or fall. While exploring those scenarios, I drew many horizontal lines to consider which wall (resistance) would be thicker when prices rise or fall. The reason for considering wall thickness is that by comparing the predicted scenarios with actual price movements, we can gauge the strength and momentum of the market.

This time, I’d like to examine scenarios together with you while looking at a different currency pair from the previous ones. If possible, before looking at the chart in the magazine, please view the weekly chart of EUR/USD (from September 2018) on your smartphone or computer and then consider your own scenarios.