Ichimokuchart
$NVDA Pullback$NVDA to pull back to the slow-moving average (purple highlighted area), using it as support, then potentially move higher as shown by the bullish Ichimoku cloud. There is clear disequilibrium between the fast and slow-moving averages (base and conversion lines) and price action has already started moving towards the base line at roughly $569.63 and my analysis shows that it will continue to close the gap between the moving averages before a continuation of an uptrend. Thoughts on this analysis?
$PFE PullbackPrice action looking likely to pull back as there is disequilibrium between the conversion line and the base line on the daily timeframe. This means the price should move down to the base line (Slow MA) bringing the conversion line (Fast MA) with it. furthermore, price moved away from the conversion line creating disequilibrium, and started pulling back on the 22nd of April. I believe the price will continue down before a potential continuation of an uptrend. I am a beginner with the Ichimoku strategies, but I have seen using the indicator in relation to price action that this is a possible outcome before $PFE returning to its uptrend as shown by the bullish Ichimoku cloud. Is anyone able to give tips/advice?