If the price is above the Senkou span, the top line serves as the
first support level while the bottom line serves as the second support
level.
If the price is below the Senkou span, the bottom line forms the
first resistance level while the top line is the second resistance
level. Got it?
Meanwhile, the Kijun Sen acts as an indicator of future price
movement. If the price is higher than the blue line, it could continue
to climb higher. If the price is below the blue line, it could keep
dropping.
The Tenkan Sen is an indicator of the market trend. If the red line
is moving up or down, it indicates that the market is trending. If it
moves horizontally, it signals that the market is ranging.
Lastly, if the Chikou Span or the green line crosses the price in the
bottom-up direction, that's a buy signal. If the green line crosses the
price from the top-down, that's a sell signal.
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