Worldflix Inc (WRFX) Chickou Line Escalates Past T
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Posted On: 08/31/2018 11:20:23 PM
Worldflix Inc (WRFX) Chickou Line Escalates Past The Tenkan
Posted by Troy Warner on August 31, 2018 at 2:18 pm
Worldflix Inc (WRFX) Chikou span line has moved above the Tenkan price line, indicating a potential trend reversal. The chikou span represents one of Ichimoku’s most unique features; that of time-shifting certain lines backwards or forwards in order to gain a clearer perspective of price action. In the chikou span’s case, the current closing price is time-shifted backwards by 26 periods. While the rationale behind this may at first appear confusing, it becomes very clear once we consider that it allows us to quickly see how today’s price action compares to the price action of 26 periods ago, which can help determine trend direction. If a Chikou span is descending quickly into a past price line, it could be a sign of exhaustion for the asset. Another popular use of the Chikou span is to help confirm points of possible resistance or support. The juxtaposition of the current trend against past price trends allows for an easier comparison of peaks and troughs. Traders can then combine the Chikou with other momentum indicators to exit or enter positions for potential breakouts.
Now We Know that Brad, Mr. CEO has Been Buying WRFX shares at the Lowest 0.0004 Prices, what that Tell us ??? BUY more if you got Money.
Good Luck, SOON Everyone will have Lobster for Dinner EH
Posted by Troy Warner on August 31, 2018 at 2:18 pm
Worldflix Inc (WRFX) Chikou span line has moved above the Tenkan price line, indicating a potential trend reversal. The chikou span represents one of Ichimoku’s most unique features; that of time-shifting certain lines backwards or forwards in order to gain a clearer perspective of price action. In the chikou span’s case, the current closing price is time-shifted backwards by 26 periods. While the rationale behind this may at first appear confusing, it becomes very clear once we consider that it allows us to quickly see how today’s price action compares to the price action of 26 periods ago, which can help determine trend direction. If a Chikou span is descending quickly into a past price line, it could be a sign of exhaustion for the asset. Another popular use of the Chikou span is to help confirm points of possible resistance or support. The juxtaposition of the current trend against past price trends allows for an easier comparison of peaks and troughs. Traders can then combine the Chikou with other momentum indicators to exit or enter positions for potential breakouts.
Now We Know that Brad, Mr. CEO has Been Buying WRFX shares at the Lowest 0.0004 Prices, what that Tell us ??? BUY more if you got Money.
Good Luck, SOON Everyone will have Lobster for Dinner EH
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