First of all, the thing to consider is the cloud is fresh. Look how long price has ranged above the cloud, and also how high it ranged. The market is finally returning to a point of some normalcy. It has been since April 2009 the candle has so much as touched the cloud. It is safe to assume that, at least for awhile, the cloud will contain price action.
A lot of times I like to just push the chart back and see exactly what is going on with the market. The kijun still has the all-time high calculated in it, along with the dip from that high. Therefore, the kijun will stay level for the next 3 weeks. If the market continues to pull back for the next 3 weeks, then the tenken will also stay level.
It's safe to say that the cloud will contain, price will reverse back north, and the tenken will catch up to the kijun and pass it up; but, that probably won't happen until the end of this month, if not into March.
Here's where I have to repeat myself, and this is what you have to remember. There is naturally some indecision when the market has gone sideways, and as traders, we want to position ourselves for the optimal breakaway opportunity, and we don't care if it is north or south. In spite of the observations, the market is in an indecisive time, and thus, you are looking at the chart and proposed the question. This is why I say to check other TF's to see which one is dominant, and to see if they will yield any answers. If you look at the daily, it is suggesting the kijun top of the cloud combo has a bullseye pasted all over it. The thing to consider is the kijun will continue to rise, so it may not be a bad entry once the kijun is hit.
Again, this is why we have multiple TF's. Use all the leverage you can get your hands on to make your trading decisions.
BTW, the daily cloud top is in the same vicinity as the weekly
A lot of times I like to just push the chart back and see exactly what is going on with the market. The kijun still has the all-time high calculated in it, along with the dip from that high. Therefore, the kijun will stay level for the next 3 weeks. If the market continues to pull back for the next 3 weeks, then the tenken will also stay level.
It's safe to say that the cloud will contain, price will reverse back north, and the tenken will catch up to the kijun and pass it up; but, that probably won't happen until the end of this month, if not into March.
Here's where I have to repeat myself, and this is what you have to remember. There is naturally some indecision when the market has gone sideways, and as traders, we want to position ourselves for the optimal breakaway opportunity, and we don't care if it is north or south. In spite of the observations, the market is in an indecisive time, and thus, you are looking at the chart and proposed the question. This is why I say to check other TF's to see which one is dominant, and to see if they will yield any answers. If you look at the daily, it is suggesting the kijun top of the cloud combo has a bullseye pasted all over it. The thing to consider is the kijun will continue to rise, so it may not be a bad entry once the kijun is hit.
Again, this is why we have multiple TF's. Use all the leverage you can get your hands on to make your trading decisions.
BTW, the daily cloud top is in the same vicinity as the weekly
Hi. Some questions here this is something I would want you to look at .This is a weekly time frame. Here you can see that there is a bearish crossover on the the approx on the 11th of december . now in a sense it happened above the cloud which would mean that the trend has lost the bullish steam. On the first try the candle broke through the tenken at first and then the kinjun and finally it has leveled . it has been flat since a lot of months while it is putting the rubber band effect on the tenken. finally the tenken is moving away from the kinjun and wanting to go down and the kinjun is still flat. I asked you yesterday about what does it indicate when the candle is below the tenken but above the kinjun and vice versa but here in this case I am asking you what truly does it indicate a bearish cross over happening above the cloud? here You can clearly see the kinjun is above the tenken and both has flattened out but the candle is above the kinjun .. I got confused here. -1) bearish crossover happening above the cloud- 2)tenken is trying to move south and, both have leveled but candle is still above the tenken and kinjun but kinjun is above the tenken. so now if the candle is above the tenken/ kinjun on a bearish crossover happening above the cloud that means it has broken through both of it and stays bullish or trying to stay bullish what does this indicate 3) and I forgot to look at the chinkou !! as an ichimoku chartist Is this an equilibrium ? trendless condtion ?. I know the ultimate equilibrium is when the candle is inside the cloud and not the tenken and kinjun. regardless the tenken and kinjun being inside the cloud but not the candle what will that indicate ?
