Precourse
Module 1 – How to Track Price Action on Ichimoku Charts
Module 2 – Finding Support and Resistance
Module 3 – Reading the Charts
Postcourse

Reading Charts Course Review

Module 1 – How to Track Price Action on Ichimoku Charts
Module 2 – Finding Support and Resistance
Module 3 – Reading the Charts

You now know how to start with identifying price action and how it relates to the individual components of the Ichimoku system by using a new order of steps with the 3 Pass Process. 

  1. Start with price action
  2. Then price to the Kumo
  3. Next, price to the Kijun-sen and Tenkan-sen
  4. Finally, evaluate price action around the Chikou Span

In reviewing the Questions for Charts you’re now primed to identify the most important aspects of charts. 

You can now inspect and interpret the characteristics when you Read the Charts.  

  1. Weekly Cloud
  2. Daily Cloud
  3. Daily Price Action to Ichimoku
  4. Current Price Action
  5. Chikou Span
  6. Future Kumo

You understand how the weekly charts, 200-period sma, and Fibonacci retracements can help you find hidden support and resistance zones on the daily charts.

You can now spot short, medium, and long-term trends on charts. You should now be able to expand your understanding of a stock chart’s environment by looking at how it moves compared to its sector as well as the overall market. 

You can now take your skills in reading Ichimoku charts and apply them to a stock, its sector, and the overall market to have a greater understanding of what is currently going on based on past price action illuminated by Ichimoku.

Having this understanding gets you ready for the next course which includes creating trading strategies derived from this knowledge base.

Please take a moment to take the Postcourse Survey and rate this course. Also, if you have any comments or would like to give me a review, it would be greatly appreciated.

– William Grantham