Tricks of Ichimoku clouds. Hi.
I was making a comment in someone else's idea about the Ichimoku indication and thought one point should be dealt with more.
So, let's assume something are in a down-trend, candles are flying down from cliff, to the left of Kijun-sen and Tenkan-sen.
We can see this on chart 1.
At some point the drop reaches some kind of resistance and starts some lateral movement of larger or smaller amplitude.
Kijun and Tenkan are beginning to squeeze each other, traders are waiting for the long-awaited (after so many months!)
of a golden cross, but something else is happening.
A cross occurs, but it looks like it is not Kijun-sen piercing Tenkan-sen from below, but vice versa
Tenkan sen approaching Kijun has taken and fallen into this line and is looking down.
So...
Let's remember what the textbook golden cross looks like on Ichimoku?
I believe what is shown on screen 2 is exactly that golden cross.
Kijun come over in from below Tenkan-sen, and shot through the line.
The Tenkan-Sen did not change its horizontal position in this process.
Then it is required to see if there are situations, when a golden cross should form, but in fact
Tenkan-sen is falling down to the Kijun and the movement is going downward still, and one more cross is formed soon.
Voila, the summer 2021 chart of Etherium.
This is exactly the situation.
Conclusion:
Not every Kijun/Tenkan line cross after the big red Kumo cloud is a golden cross.
I encourage @norok as a trader whom I have great respect for his work, to comment on these aspects.
