💵💵💵 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
