For anyone who uses the Ichimoku, how does one read the Cloud that is ahead of the current market?
For example: Where the current market is, there is a Green Cloud with a Bullish market above it. However, I can see a Red Cloud in the distance. Is that future cloud telling me about a Bearish market approaching, or has that cloud already occurred?
Some professional traders speak highly of the Ichimoku, and I’m trying to learn about it. However, if there are better chart indicators, please let me know.