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Ichimoku Cloud
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TraderGirl
- Posts: 5031
- Joined: Thu Dec 22, 2011 2:47 pm
Ichimoku Cloud
Just noticing the Ichimoku cloud...last two corrections we had a rebound up to the top of the red cloud before a new low, currently that level is around 1345 or 1360 which is 61.8% retracement for the entire wave 3 or C from 1415 to 1266...
A pullback at some point is most likely due before another attempt....IMV
A pullback at some point is most likely due before another attempt....IMV
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Re: Ichimoku Cloud
Hmm, nice, thanks for reminding us. Bulls still have long way to go...TraderGirl wrote:Just noticing the Ichimoku cloud...last two corrections we had a rebound up to the top of the red cloud before a new low, currently that level is around 1345 or 1360 which is 61.8% retracement for the entire wave 3 or C from 1415 to 1266...
A pullback at some point is most likely due before another attempt....IMV
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Re: Ichimoku Cloud
Looks like we are peaking out the trend line(circle). How about this channel Next(Red)? 
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Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.