Komodo — Ichimoku Short Signal Flashed 💥
Here's another interesting Ichimoku short signal on the daily chart.
$KMD is in an overall downtrend. Some momentum indicators show oversold signals. However, RSI and MFI are still neutral.
The Ichimoku signal utilizes various Ichimoku elements and different timeframes for validation. Therefore, the signal is usually quite reliable.
The backtests look quite promising, too:
Based on 10 signals on the daily chart, we saw 2% gains in 100%, 5% gains in 90%, and 10% gains in 70% of the signals.
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