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Ichimoku Chart

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Ichimoku Chart
A chart that provides a glance at equilibrium prices for specified securities.
    
"Ichimoku" is a Japanese word that means "one look." This Charting technique was created by a Japanese newspaper Writer. It does look very complicated when a trader sees the indicator for the first time, but don't hesitate to give this indicator a try because the complexity quickly disappears once you gain an understanding of what the various lines mean and why they are used.
    
The Ichimoku indicator is comprised of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chickou span. This indicator was developed so that a trader can gauge an asset's trend, momentum and support and Resistance points without the need of any other technical indicator.
Posted by  Henley & Partners Group Holdings Ltd
 
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