Mastering the Ichimoku Cloud: A Comprehensive Guide The Ichimoku Cloud, a complex yet powerful technical analysis tool, offers a holistic view of market trends, momentum, and potential support and resistance levels. Developed by Japanese journalist Goichi Hosoda, this indicator provides a multi-dimensional perspective on price action, making it a valuable tool for traders of all experience levels. Understanding the Components of the Ichimoku Cloud The Ichimoku Cloud is composed of five key elements: Tenkan-sen (Conversion Line): This line is calculated by averaging the highest high and lowest low over the past nine periods. It represents a short-term trend. Kijun-sen (Base Line): Calculated by averaging the highest high and lowest low over the past 26 periods, this line signifies a longer-term trend. Senkou Span A (Leading Span A): This line is the average of the Tenkan-sen and Kijun-sen, shifted 26 periods ahead. It provides a future projection of potential support or resi...