📊【Thursday's Trade Tool】The Ichimoku Kinko Hyo: All-in-One Trend Compass!
Traders, meet Ichimoku—a powerhouse indicator that packs trend direction, support/resistance, and momentum into one chart. No need to clutter your screen!
Here’s the breakdown (5 key parts):
• Tenkan-sen (Conversion Line): 9-period high-low average—fast trend signal.
• Kijun-sen (Base Line): 26-period high-low average—slow trend signal.
• Senkou Span A (Leading Span A): Midpoint of Tenkan/Kijun, plotted 26 days ahead—potential support.
• Senkou Span B (Leading Span B): 52-period high-low average, plotted 26 days ahead—stronger support/resistance.
• Chikou Span (Lagging Span): Close price, plotted 26 days back—confirms trends.
How to use:
• Price above Senkou A and B? Uptrend. Buy when Tenkan crosses above Kijun.
• Price below both? Downtrend. Sell when Tenkan crosses below Kijun.
• Chikou Span above past price? Bullish confirmation. Below? Bearish.
Pro move: The "cloud" (between A and B) acts as a buffer—price breaking through with force = stronger trend.
Ichimoku simplifies chaos—start using it to navigate trends like a pro. 🧭 #Ichimoku
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