ShreeKrishna

Understanding Ichimoku

NSE:NIFTY   Nifty 50 Index
One of the Finest information can be obtained when we use the Ichimoku , Most people miss -read the system and end up wrong interpretation

Ichimoku has 5 distention information in it

01 ) Identifying the Function of Price - Trending method , start of trending method

02) Function time - when Price is in corrective structure , when time is consumed more then the movement of price , One of the best identification for Options seller

it gives clear information when trend enters in correction pin pointed

03) Deviation - We call it as standered deviation ( Using Bollinger band ) , ATR , ADR all these indicator are with in the system , it will give exact pin pointed deviation in it
you do not need to put any other indicator

04) Momentum - You do not need Momentum indicator when you use this informative tool , it has every thing in it , when you see change in Momentum you can take better position

05 ) History Repeats - When entire world is looking for repeating pattern , the most easiest way is to look the chart using incimoku system , You will come to know what will happen next , this is having an ultimate tool where you will not miss any opportunity of riding the trend when you see repeating the pattern


Now as far as Nifty concern its in correction , long term trend is intact , it will still make higher high , and it will high likely move up to 14500 ,

One can look for going long with your own method or bullish brake and keep traling the stop to enjoy longer trend trading

Good luck

Comments

really it works.wany yo leatn ellipt wave
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@shrutikh, Good to hear , You can please download , Elliott wave Principal , Google it , its free by Robert Precher , read it , thanks
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