The charting system of Ichimoku Kinko Hyo (which means "Equilibrium chart at a glance") was developed by a Japanese newspaper man named Goichi Hosoda before World War II and was finally released to the public in 1968. Ichimoku utilizes five separate lines or components. UGL, the 2x long Gold ETF recently demonstrated 5 buy signals: 1. A neutral tenkan sen/kijun sen cross Buy signal that took place within the kumo (blue arrow). 2. Presence of the Chikou span above the price curve at that point in time (dark green arrow). 3. A strong kijun sen cross Buy signal that took place above the kumo (red arrow). 4. A Kumo breakout where the price is closing above the prevailing kumo (red oval), and 5. A strong senkou span cross signal where the price curve is on the side of the kumo that matches the sentiment of the senkou span cross (light green arrow). Buy Gold!
No comments:
Post a Comment