Here on the German DAX daily chart we have a classic setup. A double head reversal confirmed. If you follow my posts you will know that a double top or double bottom is like gold to me. You can see the support at the bottom of the cloud has failed. My indicators agree that this is a confirmed reversal. This is the key to using Ichimoku, you have to use it combined with other indicators. You must also use technical analysis in combination with fundamental analysis. Just looking at technical analysis is not enough. I always say, you need to see both halves of the picture.
Below: German DAX daily chart showing double head reversal
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