What Is The Ichimuko Cloud & How To Trade With It

Ichimuko Cloud

The Ichimoku cloud is a type of technical analysis that defines support and resistance levels, momentum, and trend direction. The Ichimoku was developed by Goichi Hosoda, a Japanese journalist in the 1960s. It is also called Ichimoku Kinko Hyo. What is the Ichimoku Cloud? The Ichimoku is a collection of many indicators that display momentum, trend, and support and resistance levels by plotting various averages. The cloud in Ichimuko represents future projections of support and resistance levels. When the price is below the cloud, it signifies a downtrend, and when the price is above the cloud, it’s a signal of …READ MORE