One of the Components in Ichimoku

NSE:NIFTY   Nifty 50 Index
497 0
One the Best part of Ichimoku is you can visually understand weather further rally is ahead or its just a pull back before the continuation of the trend
Most say R N Elliott wave theory works , i say its all available in the Ichimoku
It clearly gives you an idea that weather the market is about to begin or there is a complex side way ahead , and also you can look the cloud is very thin it suggests that the strength in the market is not there , any given moment it will crack
and off course you have to use Candle stick price action to enter and exit
i say to many never lose the money to market and i have always written about enter on confirmation , but if you are an Ichimoku trader , You dont need any thing to see ,
You will never lose a penny in the market ,

Nifty is getting more complex , and as per this view i am looking further a side way market or re-enter a complex correction
Which one will happen i am not sure , its exactly in the middle of the trend now
so Look for better trade set up and take entry only with confirmation
Good luck
Trade active: I have started selling Nifty form 10800 ( spot ) and started adding shorts on every rise of 10 Points
Good luck
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out