Category: Technical analysis

Ichimoku Cloud Interpretation The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance levels, identifies trend direction, and provides trading signals. It consists of five lines that form a cloud, which can help traders make informed decisions in the financial markets. Here’s how you can interpret the Ichimoku Cloud: Components of the Ichimoku Cloud The Ichimoku Cloud consists of five lines, each providing different types of information: Tenkan-sen (Conversion Line): This line is calculated by averaging the highest high and lowest low over the past nine periods. It is used to identify ... Read more