ICHIMOKU
Part2. Signals in the Ichimoku system.
1. Tenkan Sen
Is the short-term movement of the price, cycle 9.
Trend:
- Increase in price when price is above Tenkan Sen
- Discount when price is below Tenkan Sen
2. Kiju Sen
Is the medium-term price movement, cycle 26.
Trend:
- Increase price when price is above Kiju Sen
- Discount when price is below Kiju Sen
3. Chikou Span
Shows the price momentum of the previous 26 cycles.
Trend:
- Increase in price if above the previous 26 cycle price
- Discount if below 26 previous cycles
4. Senkou Span A and Senkou Span B
They form the Ichimoku clouds.
There are two types of clouds:
- Kumo clouds: clouds above or below the price line
- Future cloud: is a cloud that predicts 26 periods
#tradinginsight #mworld #ichimoku
