Ichimoku Kinko Hyo is composed of four main elements the Tenkan-Sen Conversion Line, the Kijun-Sen Base line, the Chikou Span Lagging Span, Kumo Cloud (the distance between two Senkou Span – Leading Span) and it predicts the change of trend or signals trading buy and sell. Ichimoku Kinko Hyo, or simply Ichimoku, is a universal technical indicator developed in the 1940s by Japanese journalist Goichi Hosoda. However, traders around the world use the term “Ichimoku Cloud” more often due to the looks of the indicator. The Ichimoku Cloud (or Ichimoku Kinko Hyo) is a technical analysis indicator that combines different intermediate calculations, all important to provide a clear interpretation of the price action. 3 Basic Waves. There are 3 basic waves which are the most important ones to learn because they are the basis of the ichimoku wave theory and will always be a part of your wave counts. They are; 1) I Wave. 2) V Wave. 3) N Wave. Ironically, an I Wave is 1 leg, a V Wave is 2 legs and a N Wave is 3 legs. Just like all the basic ichimoku numbers are Vay Nhanh Fast Money.

what is ichimoku kinko hyo