ELD ELDERS Ichimoku Study
ELD Elders is great example of trading with the Ichimoku cloud. ( see the Ichimoku video in the Education section )
On the 20th of July the price moved out of the cloud after trading into the cloud some 2 weeks before.
Also to notice is the “future” cloud is moving higher
Yesterday the price weakness touched the top of the cloud again and formed a nice “paper umbrella”
Confirmation today with a strong lift in price. This comes in line with the WEEKLY Primary Up trend.