Thread: Ichimoku
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Old 10-23-2005, 03:44 PM
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The space between Senkou lines is the cloud.

And we have 3 cases:

- if the price is inside the cloud (it means it is between Senkou lines) we have non trading market. In other words, we are not trading inside the cloud.
And Senkou lines are the support and resistance lines in this case.

- if the price is above the cloud the first Senkou line is the first support, and the second one is the second support respectively.

- if the price is below the cloud the first line (first from the price line) is the first resistance and the second one is the second resistance.
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