ICHIMOKU CLOUD
Chart used in technical analysis which shows momentum and trend directions, as well as support and resistance for a specific investment or security. It is designed to give a peek of relative information using moving averages in order to demonstrate bullish and bearish crossover points. Kumo in Japanese, the clouds are created between spans of the average of the tenkan-sen and kijun-sen placed six months prior and of the midpoint of the 52-week high and low placed six months before.
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