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Ichimoku Cloud Signals - Type 2

One more kind of signals that the indicator generates is the intersection of the Chikou Span line with the price chart.

It is secondary and serves to confirm the main signal — the intersection of the Tenkan Sen and Kijun Sen.

It is therefore not advisable to open a trade on the basis of it alone.

If the Chikou Span intersects the price chart bottom up, you can expect the asset's price to rise.

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The intersection of the Chikou Span line and price chart top down indicates that the asset's value will probably fall.

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