WanchainTelah dikemas kini WAN consolidating
Observations:
* Noticing how Chikou is also a good indicator of past SR levels (along w/ flat levels in the Kumo)
* Would be great to know how to test for a breakthrough or false breakout (rejection)
* Price has a strong signal when Tenkan makes a sharp right turn through the EMA cloud. Tends to be a bullish continuation in price action.
* Vice-versa if Kijun does it instead—price is weak. Tends to be bearish (short term), as price would most likely go get support from Kijun.
* Kijun tends to resets to the bottom or right-side of the EMA cloud when its a bullish trend; vice-versa
Still new to Ichi, please have patiences and understanding. Feel free to chime in with constructive feedback is something is off. Thanks
* Noticing how Chikou is also a good indicator of past SR levels (along w/ flat levels in the Kumo)
* Would be great to know how to test for a breakthrough or false breakout (rejection)
* Price has a strong signal when Tenkan makes a sharp right turn through the EMA cloud. Tends to be a bullish continuation in price action.
* Vice-versa if Kijun does it instead—price is weak. Tends to be bearish (short term), as price would most likely go get support from Kijun.
* Kijun tends to resets to the bottom or right-side of the EMA cloud when its a bullish trend; vice-versa
Still new to Ichi, please have patiences and understanding. Feel free to chime in with constructive feedback is something is off. Thanks
Nota
Observed that S/RSI as well as Stoch Momentum Index can provide some indication if rejection or consolidation.Thoughts/other tips? Thanks
Nota
Added date range from Chikou's rejection. Aligns to retracement,Nota
Check out the Chikou rejection—with the time of latest consolidation :smiley:Nota
Learned about C Clamp patterns in Ichimoku.Another good indicator to not enter a trade as Tenkan and Kijun will be going equilibrium (Tenkan finding its way down near Kijun during a bull trend).
Heres an example recently with WAN 1D
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.