What a awesome week for battles between Bulls and Bears. Bulls showed such unstoppable power at the start of the week after a long couple of weeks of domination from Team Bears.
Hopes were made, could the Bulls finally take us out of the ranging environment that 2017 has given us, time will tell...
Attached are charts from three different time frames showing the overall health of market for the day (my opinion) from a Ichimoku perspective. I do these every day anyway but thought I'd share as I get direct messages from time to time asking to check Ichimoku trades (which I don't mind) and thought posting these may help answer some questions no matter how you trade.
I trade mostly the 1Hr time frame but use all time frames to adjust my predictions. (Any questions are welcomed, somethings I miss things as I do this on a few charts each morning).
Good Luck today traders. I hope you have a great weekend.
@roelll, haha that's the problem when using to different trading platforms, its blue in Marketscope 2.0 where I do my analysis then transfer it here. I'll have to change the colours so they match.
The principal of what I was describing still relates as we hit our wave calulations ;)