Senko Span A (SSA) This is the 5th thread from the Ichimoku Series. Here I will cover Senko Span A (SSA).
1/7 Basics ➡️Meaning: Mid/short term support/resistance. On an uptrend, top of the cloud and on a downtrend, bottom of the cloud. 🧮 Formula: The average of Kijun Sen and Tenkan Sen shifted 26 candles in the future. This equals 9 + 26 = 33 / 2 = 17.5. SSA reflects in some
2/7 📔 Readings: Most readings are related to the kumo (cloud) in combination with SSB (which will be covered in the next lesson).
3/7 Slope Flat SSA or SSA going against the trend is a warning sign of a weakening trend and might be a sign for its end - but it can't be used as a standalone signal for that.
4/7 Strength ❓Is SSA strong support/resistance? There is not a simple answer to this question. We already know that Tenkan Sen is a weak (short-term) S/R and Kijun Sen is a strong (mid term) one. As SSA is built from the medium value between them, it makes sense to argue
5/7 🚦 Signals: Kumo twist in combination with SSB. 🐂When SSA crosses above SSB, this is called a bullish kumo twist. It means that there is a bullish shift in the long term trend. 🐻When SSA crosses below SSB, this is called a bearish kumo twist. It means that there is a
6/7 Previous lessons: 1. The Ichimoku TA system https://x.com/drpastet/status/... 2. Tenkan Sen https://x.com/drpastet/status/... 3. Kijun Sen https://x.com/drpastet/status/... 4. Real and fake TK crosses https://x.com/drpastet/status/...
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