Home > heikin-ashi > Joining Forces: Heikin-Ashi + Ichimoku $BMRN #markets #trading #worden

Joining Forces: Heikin-Ashi + Ichimoku $BMRN #markets #trading #worden

February 23, 2014

Simple is beautiful.

  1. Chikou-span above the price = First sign of bullishness
  2. Close above the cloud = Bullish (confirmation of 1)
  3. Chikou-span below the price = First sign of bearishness
  4. Close below the cloud = Bearish (confirmation of 3)

The blue arrow is the first white heikin-ashi trend candle that coincidentally, closed above the Ichimoku cloud (see 2).

On the way down, $BMRN did not close below the cloud and found resistance @Senkou-Span B (see 4 and the yellow zone).

 

And here is a short-term perspective using haDelta.

The indicator is at previous extreme level suggesting $BMRN is going into a consolidation.

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