Ichimoku

Ichimoku Kinko Hyo, also known as Ichimoku. Is a comprehensive technical analysis tool developed by Goichi Hosoda. A Japanese journalist, in the late 1930s. It’s provides extensive insight into market trends, support and resistance. Also identify buy and sell signals. Making it a preferred choice for traders seeking efficient and cost-effective trading. It’s system consists of five main components: Tenkan-sen (conversion line), Kijun-sen (baseline), Senkou Span A, Senkou Span B (Kumo cloud), and Chikou Span (lagging line).

The Kumo Cloud, formed by Senkou Span A and Senkou Span B, is the most important part of the system. Helps identify important support and resistance levels. When the price is above the cloud.

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