if clouds didnt lie youd be a millionaire, right? I dont use Ichi clouds, but that last cloud is under the price index, not above as it was in Feb, waht does that mean?
AcidBassReaction
⋅
@Gleb.yeritz, well unfortunately I'm pretty new to the game, but I've done pretty well so far. (knock on wood)
The leading cloud is current price action shifted ahead 30 periods and indicates possible future price movements and resistances/supports.
AcidBassReaction
⋅
@Gleb.yeritz, There are also many other factors to consider besides the clouds, they just provide a quick way to look at see what is happening. Ichimoku kinko hyo means "one look equilibrium chart" it's meant to be able to be read and reasonably see what is happening/what may happen in the future. If you look at the lagging indicator, it is currently almost dead locked against the clouds while we are approaching a major find speed resistance, as you can see from the curvature of the upwards movement as things lose momentum.
It won't be nearly as bearish as my chart may indicate, but I don't think it's unreasonable to expect some retracement.