Ichimoku Cloud

Market Terms

We don't know everything about the markets.  We're just devoted to learners.  Taken from those smarter than ourselves, here's how we define Ichimoku Cloud.

A collection of technical indicators that takes multiple averages and plotting them on a chart.  This displays support and resistance levels in addition to momentum and trend direction.  These figures when plotted form a “cloud,” which is used to predict where a price may find support or resistance levels in the future.  When a price is beneath the cloud, the trend is down.  When it is above the cloud, the trend is up.  Traders use this to determine areas of support and resistance.