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RE: Homework post for @kouba01 by utsavsaxena11 || Ichimoku Kinko Hyo Kumo cloud

in SteemitCryptoAcademy3 years ago (edited)

Hello @utsavsaxena11,
Thank you for participating in the 5th Week Crypto Course in its third season and for your efforts to complete the suggested tasks, you deserve a 10/10 rating, according to the following scale:

OriginalityCompliance with topicConsistency of methodQuality of analysisClarity of structure & language
(2/2)
(2/2)
(2/2)
(2/2)
(2/2)

My review :

An article with excellent content in which you have provided a set of useful information to answer the questions posed, and I will take some notes for you:

  • The interpretation of the cloud for the Ichimoku indicator and its components was good and clear in all its aspects.

During twist the cloud get thin that means the area between the two span lines decrease. This indicates that price will penetrate and break the cloud and may move upward or downward depending upon the situation.

  • Very often when the cloud twists after a period of trend, prices enter a range (in 75% of cases). The twist indicates a weakening of the trend and in no way a change in trend to come. This information is given to us in advance giving the trader time to act and consider taking his profits. The trader can also prepare to trade the probable range to come. By watching the twist, we will know faster than others that the trend is likely to run out of steam and we will be ready to trade the range before everyone else.

  • For your information the preferred strategy of Scalping with the Ichimoku indicator is called "Scalping Ichimoku in one minute M1", but we all know that the supports and resistances identified in the higher time frames will have a greater impact on the price trends. This is why the analysis of Ichimoku M15 and M5 is essential.

Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01

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 3 years ago 

Thank you so much professor for your kind review...

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