Ichimoku Cloud
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Known as the one look equilibrium chart.
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction.
Next Indicator is the Tenkan-Sen (Conversion Line)
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction.
- The cloud can predict support and resistance levels into future
- Crossovers confirm up/down trend
- Edges of Cloud can be used as support and resistance levels
- Overall Trend Bullish when price is above the cloud
- Overall Trend is Bearish when price is blow the cloud
- Thickness of cloud indicates volatility
Next Indicator is the Tenkan-Sen (Conversion Line)
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