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SoloTraderAU
15 gru 2017 09:39

Ichimoku Analysis Lesson 2 of 5 Edukacja

THE A2 MILK COMPANY LIMITEDASX

Opis

Tenkan-sen and kijun-sen measure the short term TREND and the short term SUPPORT.

Tenkan-sen following price indicates the trend is strong
Tenkan-sen is FLAT the price is consolidating or not Trending

First observation of the Tenkan-sen is if the line is above or below the Kijun-sen

Tenkan-sen is the highest and lowest price over the past 9 periods divided by 2
It is the first level of support and resistance

Kijun-sen is the highest and lowest price over the past 26 periods divided by 2
It is the second level of support and resistance

Remember: Tenkan-sen and Kijun-sen are not moving averages.

It is arguly to declare:
When Tenkan-sen is above Kijun-sen, it is trending upward (BULLISH)
When Tenkan-sen is below Kijun-sen, it is trending downward (BEARISH)

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