Naniwa's Chart Doctor: Masao Shindo's Intermediate Wave Strategy Method! | Episode 16 Complex of Cycles [Masao Shindo]

Many people are keen on trend markets where profits can be large, but there may be others who show no interest in situations without a trend. To capture profits fully in a trend, you need to master the phase called the intermediate wave where a trend has not yet emerged. Here, Mr. Masao Shindou will teach us how to攻略such intermediate waves.

※This article is a reproduction and re-edit of FX攻略.com January 2021 issue. Please note that the market information written in the body may differ from the current market.

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

Masao Shindou Profile

Shindou Masao. He works as a strategist and technical analyst under Kojiro Tezuka Co., Ltd., headed by Kojiro Tezuka. He posts various chart analysis ideas on TradingView.

Twitter：https://twitter.com/masao_shindo

Hello everyone. Last time, we explained “the sequence of cycles.” We also discussed Dow Theory, noting that trends tend to continue until clear reversal signals appear. When the bullish cycle is in effect, the next cycle tends to become bullish as well; when the bearish cycle is in effect, the next cycle tends to become bearish as well.

This time, we will analyze cycles by combining the bullish and bearish cycles from a broader perspective, so please look forward to it.

A Review of Cycles

Cycles include bullish cycles and bearish cycles. The bullish cycle features rising troughs, while the bearish cycle features falling troughs.

By confirming each cycle and observing the cycle that appears, if the cycle is bullish, bullish episodes tend to continue. If bearish, bearish episodes tend to continue. The point where these continuing cycles undergo a change also serves as a key point on the chart.