Ichimoku Cloud
The Ichimoku Cloud is a comprehensive indicator that defines support and resistance, identifies taeeon89.tistory.com trend direction, and gauges momentum. It consists of five lines:
- Tenkan-sen (Conversion Line): A short-term indicator of the trend.
- Kijun-sen (Base Line): A medium-term indicator of the trend.
- Senkou Span A (Leading Span A): One of the cloud boundaries, representing support and resistance.
- Senkou Span B (Leading Span B): The other cloud boundary, providing additional support and resistance levels.
- Chikou Span (Lagging Span): A lagging indicator that shows the market’s sentiment by plotting the closing price 26 periods behind.
Advanced Fundamental Analysis Techniques
Advanced fundamental analysis involves a deeper dive into a company’s financial health, industry position, and economic environment.