Ichimoku Charts
Author | : Nicole Elliott |
Publisher | : Harriman House Limited |
Total Pages | : 152 |
Release | : 2007 |
ISBN-10 | : 9781897597842 |
ISBN-13 | : 1897597843 |
Rating | : 4/5 (42 Downloads) |
Book excerpt: The book covers the history of candlestick charts - explaining the context in which they developed. It then moves on to explain how in the 1940s and 1950s a journalist, with the pseudonym Ichimoku Sanjin, started refining candlestick analysis by adding a series of moving averages. The book explains in detail how to construct Cloud charts and how to interpret them. A chapter is devoted to the advanced analysis of Cloud charts, with an in-depth study of the Three Principles: Wave Principle, Price Target and Timespan Principle. The book is illustrated throughout with numerous examples of Cloud chart analysis.