The next step in Ichimoku Cloud analysis.
The thorough cloud analyst looks at patterns, waves and calculates price and time targets. These three pillars of the analysis are known as the:
They must be used simultaneously as they are fundamentally interconnected. For Western analysts much of this will be, if not familiar, then common sense.
Consolidation patterns are likely to take one of several conventional forms. Outlined below are the standard paths that Sanjin Ichimoku felt the market was most likely to follow.
First, let’s look at the consolidation patterns of the Wave Principle.
Although there are many variations of these, they all have ...