What is the “Ichimoku Cloud”?

No More “Candle Stick” Technical Stock Charts

[By Staff reporters]

The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on the chart. It also uses these figures to compute a “cloud” which attempts to forecast where the price may find support or resistance in the future.

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