Thank you for the information 😊

💵💵💵 The Ichimoku cloud is not just an indicator but a Trading system

📈 It is an indicator that allows you to see the market trend at a glance, which Ichimoku can enable you to do:

🎯 Key levels of the market: Supports and Resistances

🎯 The underlying trend: Bullish, Bearish, Ranging

🎯 Buy and sell signals based on probabilities

🎯 Entry and exit points for trades

📊📊 The components of Ichimoku

1️⃣ Tenkan: It represents the balance of the highest to the lowest over the last 9 periods of quotes

2️⃣ Kijun: It represents the balance of the highest to the lowest over the last 26 periods of quotes

3️⃣ Chikou span: It represents the closing price over the last 26 periods backward

4️⃣ Kumo: The cloud is the noble part of the indicator, formed by:

📈 Senkou Span A: which is the average of Tenkan and Kijun over the last 26 periods ahead

📈 Senkou Span B: which is the average of the highest to the lowest over the last 52 periods

We will stop here for now, tomorrow we continue; this is a series, if you're interested, like and comment LET'S GO

#ichimoku #strategy #trading