Ichimoku Kinko Hyo is a market analysis method invented by Japan before World War II. It is the originator of technical analysis in the world. Its function is to provide market direction and entry positions, and it is widely used in the stock market, bond market and precious metals market. KINKO in Japanese means the balance point of time and space, and HYO is the name of the graph.
The Ichimoku Balance Sheet is divided into two parts. The first part is to interpret the signal of the market through the chart itself; the second part is to predict the direction and position of the market through calculation. The second part can be said to simplify and interpret the core parts of cycle theory, Gann theory and wave theory to a large extent, and has strong applicability in the London silver market.
The Ichimoku balance table is composed of the daily K-line (called the daily line in the Ichimoku balance table), 5 lines and a resistance zone (commonly known as the cloud map). Users can understand the strength and weakness of the market and obtain buying and selling signals through the interpretation of the relationship between them. Because the use of this table can make the trend of the silver market clear at a glance, it is called "Ichimoku Balance Table".
The Ichimoku balance meter can be divided into "the part that can be seen by the eyes" and the "part that cannot be seen by the eyes". The "visible part" focuses on the relationship between the conversion line and the baseline, the relationship between the price and the slow line, and the relationship between the price and the cloud; while the "invisible part" mainly includes time theory, fluctuation theory and value amplitude observation theory.