Navigating the Skies with the Ichimoku Cloud Quiz

What does a green Ichimoku Cloud indicate in market analysis?

The Chikou Span in the Ichimoku Cloud system is primarily used to identify future areas of support and resistance.

Arrange the components of the Ichimoku Cloud in the order they are typically analyzed: Kijun-sen, Chikou Span, Tenkan-sen.

Discuss how the Ichimoku Cloud can be used to enhance decision-making in trading.

Match the Ichimoku Cloud components with their primary function.

In the Ichimoku Cloud, what does the crossover of the Tenkan-sen above the Kijun-sen indicate?

The Ichimoku Cloud is best suited for long-term investment analysis rather than short-term trading.

Organize these Ichimoku Cloud elements based on their time sensitivity, from most immediate to lagging: Chikou Span, Tenkan-sen, Kijun-sen.

Link the Ichimoku Cloud components to their roles in a bullish market.

Describe a potential pitfall of relying solely on the Ichimoku Cloud for trading decisions and a strategy to mitigate this risk.