Ichimoku Cloud
US30 approaches cloudsI know that the market (price) doesn't know technical indicators, and doesn't know moving averages...
But because I am using the Ichimoku indicator and the term cloud is for convenience and brevity in analysis.
Actually, the market doesn't know Ichimoku's cloud, but this cloud represents the market's sentiment.
US30 still in selling pressureToday I continue to make analysis video about the US30 index.
The daily time frame of the price is maintaining the selling status.
On H4 the price is below the cloud. Future clouds are expanding downward.
BTCUSD waits for price to return to mid-range and sell downBTCUSD waits for the price to return to mid-range and sell down.
On the daily chart, it is in the cloud and is trending down toward the equilibrium price.
On the h4 chart, the price is below the cloud.
Strategy to wait for the price to rally up and continue to sell down. Called sell on the rally.