i was on BTCUSDT 1 hour Chart and applied SHIBO to Biggest Impulse with my Favorite Levels
and I Noticed About its target TP1(41307)
so I draw line horizontally to see what is in old Bars and Found its Relative to very Strong Peak
lets see in next Comment Where is this TP1
before that note to SL1 ,SL3 and Half Impulse line Price reacted to
Go to Next Comment And See Our TP1 In Past
What is SHIBO?
I'm researching a method I have named SHIBO.
SHIBO sets the price of the next Target(Take Profit ,TP, Resistance) based on the price movement of power and its correction.
I am examining this method and determining its rules. To date, this method has been very accurate.
Take a look at previous ideas to see how successful they have been.
After I was able to register this method and style in my own name i will reveal Details.
So I put my ideas together so that more people can get acquainted with it
THINK Simple is my approach. there are no more lines and too many shapes on chart. its simple to understand. if you are looking for complicated analysis so community is full of them. I respect them all.
now go to chart
I calculate Stop Loss(Warning, SL) and Take Profit(TP1,TP2,TP3,CTP) points based on :
2-price start, high and retracement
3-i don't look for S & R lines(but if you found border line and price are according to them it is a very good Sign)
how to use prediction:
SHIBO show you max of 4 Take Profit line and Warning Level and Stop loss
the best one is TP1 that has higher win rate
but if CTP is lower than TP1 I prefer selecting CTP
using Warning,SL1,SL2,SL3: if price bounce from border line(SL) it could take TARGET but if price break border line and close on it so prediction may fail and stop Reach.
having same Price 41700 $