Ichimoku helps in keeping calm as an INVESTORHere's an outlook on why adding ICHIMOKU to your chart helps in keeping calm, watching a broader view & not panic sell!
So Ichimoku is a trend following indicator using calculations (9.26.52) consisting of a Conversion Line (similar to 9 MA) & Base Line (Similar to 26 MA) and lagging span (price line moving 26 periods back) and cloud which moves ahead 26 periods. Instead of leaping into calculations lets keep it simple. Now let me comprehend it further so it works well when you want to know if the drop is over and about possible pullbacks. The sign of a pullback is that a right after the breakdown happens a simultaneous up move breaks back the price and we call it a pullback.
And here comes the best part during uncertain times like crisis when a lot of panic and fear is there, as an Investor, Ichimoku will keep you in the game.
If you look at the above chart. Unlike other indicators it turned the disguise into once in a decade opportunity by the price taking support at the cloud and bouncing back, during 2008 crisis and C0VID Crisis.
The idea is to not panic sell, stay invested, think long term and keep on accumulating the businesses in which you see scope and match your risk appetite.
Thanks for reading. I welcome your queries.
Not a Financial Advise! Kindly do your own research..
