Playing Trading Simulator Game:
Viewing ARNA 1 hour chart with Ichimoku Clouds.
Price crossed down and through green cloud on 11JAN18.
Cloud color changes from green to red on 17JAN at 10:30 am.
A possible buy at that time.
Wait and watch.
Viewing ARNA 1 hour chart with Ichimoku Clouds.
Price crossed down and through green cloud on 11JAN18.
Cloud color changes from green to red on 17JAN at 10:30 am.
A possible buy at that time.
Wait and watch.
Comment:
Stock has since then gone down then up then down again.
Yesterday, on the 1 hour chart, the price again crossed down to the underside of the red line meaning that the stock is likely to continue it's decline.
Yesterday, on the 1 hour chart, the price again crossed down to the underside of the red line meaning that the stock is likely to continue it's decline.
Comment:
BTW: The red line is called the base line...
of the Ichimoku Cloud indicator.
I'm still trying to understand it.
of the Ichimoku Cloud indicator.
I'm still trying to understand it.
Ignore the cloud.
Price crossed down to the underside of red line
meaning that the price is likely to decline.