Too Long; Didn't Read
A popular indicator is the Ichimoku Kinko Hyo, a so-called all-in-one trading system developed in the 1940s by Goichi Hosoda, a Japanese journalist. Its name translates to “equilibrium at a glance,” and allows traders to trade breakouts, identify support and resistance levels, and assess the group think behavior of the markets. Trading is not for the faint-hearted, with even seasoned investors succumbing to sudden market movements and price drops.