Ichimoku

Ichimoku is a technical indicator used to determine market support and resistance levels. It provides support and resistance levels which are projections into the future. Unlike other technical indicators, the Ichimoku cloud is best used in conjunction with other tools such as the Relative Strength Index (RSI), which confirms momentum in a certain direction. However, you should be aware of the limitations of Ichimoku trading and should not rely on it alone. Ichimoku Cloud When…