Naniwa's Chart Doctor Masao Kondo’s Intermediate Wave Strategy Method! | About the 12th Double Top/Bottom [Masao Kondo]

Many people are highly interested in trending markets where profits can be substantial, but perhaps there are also those who show little interest in markets without a trend. To capture profits fully in a trend, you need to master the middle-phase moves, the interim waves where a trend has not yet formed. Here, Masao Shindo will teach us how to conquer such interim waves.

※This article is a reprint and revision of an article from FX Strategy.com, September 2020 issue. Please note that the market information written in the text may differ from current market conditions.

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

Masao Shindo Profile

Shindo Masao. Acting as a strategist and technical analyst under Kojiro Tezuka’s Office Co., Ltd. (Tezuka Kojiro Office). 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 a channel line on the weekly EURUSD chart, and then considered each scenario. By continuing to examine scenarios, you’ll develop the ability to respond to whatever market movement occurs, so make it a habit to think through scenarios when you trade. Drawing this line to create scenarios is a basic part of the process. We will raise the level bit by bit from here, so please stay with me.