MY MINIMALIST ANALYSIS FOR SHIBA INU10.25.21 01615H +8 SINGAPORE
"Follow the white rabbit" by just FOLLOWING the BOXES
TURNING POINTS for SHIBA INU based on the MINIMALIST BOXES
1. The Market fails to break the TOP of a MAJOR BOX.
2. Price falls down to The next MAJOR BOX and FINDS support on its MINOR BOX.
3. The market has now corrected at a FIB 0.618 (most likely a REVERSAL.)
and on its way back UPWARDS. Having taken out a lot of FUD BUYERS along the way.
4. Be cautious for a BULL TRAP will be SET by SMART-MONEY for these KINDS of MOVEMENT, and will retrace back to the bottom of the MINOR BOX. Maybe for the 2nd and 3rd time.
Again, attracting more BUYERS at this LEVEL.
5. I expect an ABC pattern to form when it does this before REVERSING and CONTINUING a BULLISH BIAS.
HOW TO USE MY CHART
It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS.
Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs.
This CHART is best used without indicators. The MINOR and MAJOR BOXES (TOPs and BOTTOMs), together with
the market's price action and the above mentioned is sufficient enough as analysis when ENTERING AND EXITING TRADES.
Thank You for your appreciation and support (Follows, Comments, and Likes.)
DISCLAIMER:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
