Get started

Ichimokuindicator

Xauusd Weekly Analysis (4H time frame)In daily and 4h time frame the xauusd has been in the descending channel. During the past 147 candle of 4H time frame (the past 32days). It could not reach a higher price level. It has also hit the Ichimoku support zone seven times in daily time frame and we see weakness in its trend. According to our last week analysis gold exactly hit it's 2368 resistance which was considered as an important range that caused great drop. This week, we expect gold to make a move to higher levels again and continue its downward movement to the lower levels that we consider. In case of breaking the range zone of 2321, the gold will definitely reach to the range of 2209-2289_2212.
OANDA:XAUUSDShort
by SalimiFinancee
6
Never catch a falling knife?Is the fall in Tesla's share price coming to an end? I recently published an idea predicting a fall in the share price to $215, which happened even faster than expected following the publication of more than disappointing results. But now what? Despite this bad news from a fundamental point of view, I remain in line with my initial analysis and believe that the correction is over. We're coming up against a multitude of supports, namely the top of the ichimoku cloud, the 200-day, 50-week and 200-week moving averages, as well as the burgundy-red support line on the chart. However, if we break this combination of supports, we'll probably go for the bottom of the ichimoku cloud, around $175. The death cross that has just appeared in the weekly also remains a danger. In conclusion, although I'm expecting the price to bounce back, I currently prefer to stick to the expression "never catch a falling knife" and wait to see how the price moves at the start of the week before making my decision.
NASDAQ:TSLA
by Whytek
XAUUSD Kijun-Sen Supported LongDear Ziilllaatraders, Gold tends to exhibit a bullish trend when the Dollar weakens in response to lower inflation numbers. What we saw now of the dollar was a retest upward. As inflation declines, it diminishes the purchasing power of the Dollar, leading to a potential depreciation relative to other currencies. This depreciation prompts investors to seek alternative safe-haven assets like gold, driving up its demand and consequently causing its price to surge. In addition to the impact of a weaker Dollar on gold's bullish outlook, technical analysis using the Ichimoku strategy reveals further support for an upward move in the gold chart. The Kijun-sen, a key component of the Ichimoku Cloud, acts as a significant indicator in this context. The Kijun-sen represents the midpoint of the high and low prices over a specific period, often the past 26 periods, and its position on the chart provides crucial insights. When the gold chart shows support from the Kijun-sen, it implies that the price of gold is currently hovering around this crucial level. In the context of the Ichimoku strategy, this means that the market is in a state of equilibrium, where the forces of supply and demand are relatively balanced at this point. As the gold price hovers near the Kijun-sen level, it suggests a potential period of consolidation or sideways movement. However, this should not be mistaken for a bearish signal. In fact, in the Ichimoku strategy, the Kijun-sen is also considered a support level. As long as the price remains above the Kijun-sen, it signifies that the underlying bullish sentiment remains intact. When the market finds support at the Kijun-sen, it acts as a springboard for a potential upward move. Traders and investors observe this level to gauge potential buying opportunities. As the demand for gold increases due to the Dollar's depreciation caused by lower inflation numbers, the support from the Kijun-sen further strengthens the conviction that the gold price is likely to move higher. In summary, when the Dollar weakens due to lower inflation numbers, gold tends to become bullish as investors seek a safe-haven asset. Technical analysis using the Ichimoku strategy confirms this bullish sentiment, as the gold chart shows support from the Kijun-sen. This support level indicates a state of equilibrium and serves as a platform for a potential upward move in the gold price, reinforcing the positive outlook for the precious metal in the market. Greetings, Ziilllaatrades
OANDA:XAUUSDLong
by ZILATRADES
BAJAJ FINSERVHello & Welcome to this analysis Stock appears to have gone into a triangle correction since its OCT 2021 high and could be currently in its iii leg. Immediate resistance at 1490-1510, above that 1600 and then a bigger one near 1750. While support comes in at 1460, below that 1400 and v crucial trendline support at 1300, failure to hold that would drift this stock into a medium term deeper correction else range bound between 1350-1750 for quite some is highly probable Happy Investing
NSE:BAJAJFINSV
by Dinesh_C_Nagpal
Nifty / CNX 500Hello and welcome to this analysis CNX 500 after a very lengthy period of sideways correction that started in OCT 2021 has shown a very strong reversal in APRIL 2023. The relative strength chart has now given a fresh signal of further strengthening of CNX 500 over NIFTY, suggesting that CNX 500 stocks shall outperform NIFTY stocks for quite some time. It also means that if there is a correction in markets, the Nifty stocks will correct more than CNX 500 stocks. From levels point of view today's close has happened at 1.18. As long as the ratio sustains below 1.20 this can move down towards 1.13 and more. The balance part of this month could lead by the segment. Trade and Invest wisely
NSE:NIFTY
by Dinesh_C_Nagpal
3
Ichimoku Target Price Theory V, N, E and NT CalculationsTHE BASICS: Here is a close up of the Ichimoku Kinkō Hyō indicator: Many people do not know that the Ichimoku Kinkō Hyō cloud system has its own Number, Wave, Target Price and Timespan Theories. After years of study, the numbers that Goichi Hosoda choose for his system are 9, 17, 26 as the basic numbers with 33, 42, 65, 76, 129 and 200~257. These numbers are used in the timespan as well as on the indicator itself. 9 is used for the Conversion Line (Tenkan Sen) 26 is used for the Base Line (Kijun Sen) 26 is also used for the Lagging Span (Chikou Span) and is used to shift the current price back 26 periods. The Lagging Span (Chikou Span) is an exceptional part of the system and allows you to see possible support and resistance levels without drawing any lines. The Leading Span A (Senkou Span A) is calculated using the Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) values and is then plotted 26 periods into the future and shows potential future support and resistance levels. The Leading Span B (Senkou Span B) is calculated using double of 26 so 52 periods and is then and is then plotted 26 periods into the future. This also shows potential future support and resistance levels. Note that: The Area ABOVE the cloud is called the BULLISH ZONE. The Area BELOW the cloud is called the BEARISH ZONE. The Area IN BETWEEN the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) levels is called the EQUILIBRIUM ZONE. Note that the Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) ARE NOT MOVING AVERAGES but are instead calculated high and low midpoints of the price. So the Conversion Line (Tenkan Sen) is high and low calculated midpoint for the last 9 Periods (short-term) and the Base Line (Kijun Sen) is high and low calculated midpoint for the last 26 Periods (mid-term). THE ADVANCED: Ichimoku Kinkō Hyō Target Price Theory with examples: How accurate is Goichi Hosoda’s Target Price Theory? Using the history of the DJI/USD chart….. it turns out the calculation are very accurate. Note that i have added in timespans from Hosoda’s numbers to see if there is a day of change on the Ichimoku numbers 9, 17, 26, 33, 42, 65, 76, 129 and 200~257. Note that you can be flexible with these numbers so if a day of change is 8 days instead of 9 or 77 days instead of 76 then that is fine with this system. Ichimoku System has 4 Price Target Calculations called V, N, E and NT. A few of these we will see below. As you’ll see below, the calculations do change if they are POSITIVE or NEGATIVE. If we look at the Positive N Calculation from the Monday 3rd August 1896 until Monday 6th sept 1897 we can see that it was spot on. N Calculation positive N = C + (B-A) = D (B) $32.55 - (A) $20.77 = $11.79 (C) $27.79 + (B-A) $11.78 = (D) $39.57 The actual price it went to was $40.41 If we look at the above Negative V Calculation from the Monday 29th Sept 1929 until Monday 5th sept 1931 we can see that again, the calculation was spot on. V Calculation Negative V = B - (C-B) = D (C) $302 - (B) $194 = $108 (B) $194 - (C-B) $108 = (D) $86 The actual price it went to was $85.76 and continued to $40.72 If we look at this Negative N Calculation from the Monday 9th November 1931 until Monday 30th May 1932 we can see that again, it was almost spot on. N Calculation Negative N = C - (A-B) = D (A) $118.86 - (B) $69.85 = $48.75 (C) $89.87 - (C-B) $48.75 = (D) $41.12 Actual = $43.52 and continued to $40.72 If we look at the Positive V Calculation from Monday 4th July 1932 until Monday 17th July 1933 we can see that again, it was almost spot on. V Calculation Positive V = B + (B-C) = D (B) $81.63 - (C) $48.81 = $32.82 (B) $81.63 + (C-B) $32.82 = (D) $114.45 Actual = $110.90 If we look at the Negative V Calculation from Monday 4th Nov 1940 until Monday 13th April 1942 we can see that again, it was almost spot on. V Calculation Negative V = B - (C-B) = D (C) $131 - (B) $114 = $17 (B) $114 - (C-B) $17 = (D) $97 Actual = $92.60 If we look at the Positive NT Calculation from Monday 23rd March 2020 until Monday 10th May 2021 we can see that again, it was spot on. NT Calculation Positive NT = C + (C-A) (C) $26,114 - (A) $18,217 = $7,897 (C) $26,114 + (C-A) $7,897 = $34,011 Actually price went up to $36,971 which was until Monday 3rd Jan 2022. If we look at the Negative V Calculation from Monday 12th Dec 2022 until Monday 13th March 2023 we can see that again, it was close but off from about $600 but still would’ve made a profit. V Calculation Negative V = B - (C-B) = D (C) $34,344 - (B) $32,582 = $1,762 (B) $32,582 - (C-B) $1,762 = (D) $30,820 Actual price went to = $31,428 I have done these examples on the 1 week chart but this system also work for lower timeframes. I could go through and add much more calculations but i think you get the point with just these few. I hope this post has been helpful and insightful. For those interested, below are 2 links to my previous post about Ichimoku Kinkō Hyō that you may find helpful. Ichimoku Wave Theory: Ichimoku Crypto:
TVC:DJIEducation
by TradingThroughTheLens
3
XAGUSD Ichimoku Kinko Hyo AnalysisMonthly: Kumo flat Tenkan-sen; Kijun-sen flat Chiko below candles Price is under Tenkan-sen, Kijun-sen No trend Kyushu Ashi => Monthly no trend Weekly: Senko-span A and B cross Chiko above candles Price below Tenkan-sen, Kijin-sen Bearish Kyushu Ashi => can expect price will be sideway-down until next Kihon Suchi (27 March or 22 May) Daily: Kumo down Kijun-sen, Tenkan-sen flat (Kijun-sen will be down in 10 March) Chiko below candles Price is within Tenkan-sen (equalibrium in short term) Consider to sell when short term equalibrium is broken down and Kijun-sen points down in 9 March If after 9 March Kijun-sen down but short term equalibrium still remain => wait the price to break the support to sell
FX:XAGUSDShort
by UnknownUnicorn30166852
Tricks of Ichimoku clouds. Hi. I was making a comment in someone else's idea about the Ichimoku indication and thought one point should be dealt with more. So, let's assume something are in a down-trend, candles are flying down from cliff, to the left of Kijun-sen and Tenkan-sen. We can see this on chart 1. At some point the drop reaches some kind of resistance and starts some lateral movement of larger or smaller amplitude. Kijun and Tenkan are beginning to squeeze each other, traders are waiting for the long-awaited (after so many months!) of a golden cross, but something else is happening. A cross occurs, but it looks like it is not Kijun-sen piercing Tenkan-sen from below, but vice versa Tenkan sen approaching Kijun has taken and fallen into this line and is looking down. So... Let's remember what the textbook golden cross looks like on Ichimoku? I believe what is shown on screen 2 is exactly that golden cross. Kijun come over in from below Tenkan-sen, and shot through the line. The Tenkan-Sen did not change its horizontal position in this process. Then it is required to see if there are situations, when a golden cross should form, but in fact Tenkan-sen is falling down to the Kijun and the movement is going downward still, and one more cross is formed soon. Voila, the summer 2021 chart of Etherium. This is exactly the situation. Conclusion: Not every Kijun/Tenkan line cross after the big red Kumo cloud is a golden cross. I encourage @norok as a trader whom I have great respect for his work, to comment on these aspects.
BITSTAMP:BTCUSDEducation
by averkie_skila
TSLA Will weekly support hold - Trading Ichimoku levelsHere we trade Tesla stock using 1W Ichimoku levels. What do we observe? Price dipped below the base of the green cloud at aproximatly $161. The market kindly urged weak hands to let go of their shares, so we look for long opportunities. I.e. trade the correction, get everyone bullish before continuing our way down. The first two support levels on the 1W Ichimoku chart are shown. We're trading around the first level at $147.45. Excellent, we'll take it! Profit targets orange levels and zones. Stop somewhere below the level of $132.63. Remember: this is just an idea, NOT financial advice in any form. Please do NOT take this trade, as it might run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. If you do like this idea consider giving it a boost. Happy trading!
NASDAQ:TSLALong
by FR_Ambrosius
Price watch CTCUSDT.P - 4H Ichimoku levelsHere we trade CTCUSDT.P using 4H Ichimoku levels. As prices go up, we're looking to go short. Here are some price levels to watch. What do we see? Price is coming up. Just above the previous high there are some resistance levels we identify using Ichimoku indicator. We were actually surprised price did not reach those levels on the previous high. How can we trade those levels? Watch for signs of a rejection and/or reversal. Taking out liquidity above the previous high(s). Remember: this is just an idea, NOT financial advice. Do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. If you do like this idea consider giving us a boost. Happy trading!
Short
by FR_Ambrosius
BTCUSD.P trade idea - 4H Ichimoku levelsHere we analyse BTCUSD.P. Price action up until this point still looks rather corrective. This is supported by the 4H Ichimoku levels drawn in the chart. We trade at the zone of resistance, while the zone of support is found below the current swing lows. Unless we see a definite and powerfull break of the zone indicated, this trade idea is in our opinion still valid. What do we see? Bitcoin made a higher high, breaking above the zone (17.1-17.2k). However, RSI(14) showed bearish divergence, a higher high in price corresponding with a lower high on the RSI. Volume on the push up was also not bullish. On the push down that followed, we did see an increase in volume. Furthermore, we made a lower low on the RSI. These observations combined indicate that a definite revearsal could be in for Bitcoin. What do we look for? If price comes back to the zone, there are two scenario's possible: (A) we'd be looking for a powerful break of the zone upwards (momentum increase, high volume) (B) we look for a liquidity grab above the zone followed by a continuation of the down trend We set our alert to $17.080 and trade the reaction of the zone. In case of a rejection, this is the only position where we want to enter a short. If we miss it, we sit on our hands and wait for long opportunities (!). Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tollerance. If you did like this idea consider giving it a boost. Happy trading!
BYBIT:BTCUSD.PShort
by FR_Ambrosius
1
Scalping Bitcoin - 4H Ichimoku levelsHere we trade Bitcoin using 4H Ichimoku levels. After closing our last short position it looks like Bitcoin is ready for some upside. We analyse the chart for new trading opportunities. What do we observe? Bitcoin made a lower low. After fully penetrating our support zone we see a strong rejection to the upside. RSI(14) formed a higher low which may indicate that downward momentum is fading for the time being. We identify a trading range roughly between 17.1k and 16.7k. What is our strategy? We scalp, as we're trading in the range. This for us is not a place to enter longer term swing trades. At the moment we simply don't know (or care) if we'll continue our way down, or break towards the upside. However, we can identify some levels that may offer us some shorter term trading opportunities. So scalping it is! Trading ideas: we are likely to take liquidity above the previous local highs, indicated by the red ellipse. Thereby breaking resistance at $16,909. As prices go up, we look to enter shorts. The orange zone is the first price range where we'll be looking for short opportunities. For profit target we consider the previous resistance, $16,909 or base our exit on lower time frame price action. Stop above the resistance at $17,014. Second level to look for a viable trade is the level at $17,051. For profit target we consider the orange zone, and the previous resistance at $16,909. Stop above the blue zone. If we don't see a rejection at these levels, we sit on our hands and wait for prices to break out of the range. Note: in our analyses a 4H candle close below $16,700.5 is also a sell or short signal. We would effectively be trading below the base of the green Ichimoku cloud, which for us is a bearish indication. Remember: this is just an idea, NOT financial advice. Do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. If you do like this idea consider giving us a boost. Happy trading!
BYBIT:BTCUSD.PShort
by FR_Ambrosius
1