[Haugaard]

I've added the ichimoku cloud to the weekly chart, as this gives a rough visual guide to where the resistance is and considers the time based nature of resistance too, as it projects the cloud six months into the future. So I find this useful if I'm ever unsure about resistance. As ideally you want to trade from a proper base once it's clear of resistance.

Hi Isa,

Could you elaborate on the use of the Ichimoku cloud and the thinking behind it? I think that it declines rather quickly. Take this stock as an example. I bought it on a breakout from a double bottom back in November 2019. I think it was a mistake, because in theory, there was resistance all the way back up. The decline wasn´t older than 2 years, and with that in mind, filled with viable resistances. The Ichimoku cloud is telling a different tale. But yeah, could you elaborate on how you approach it, and to which degree you would trust it?