Is it true that ichimiko cloud can give a clear idea on what large institutions are betting on

General
1

Also what does Chopad level mean.What are its benefits and where and how is it applicable.

2

Not sure what chopad level means, need to learn that myself.

As far as ichimolo goes, no it does not give a clear idea, it just gives an idea pretty much like any other indicator. By far the best theory on getting and idea on institutional activity (as far as I know) would be the volume spread analysis. 

1 Like
3

Why are you linking Ichimoku cloud with large institutions and also with betting? Aam aadmi too can use it and available in common.

4

Actually on one video ,i saw that the learning curve moves from Fibonnaci to Elliot Waves and finally to Ichimoku cloud pattern .There it was mentioned that to get a nerve of what big institutions do ,you need to look at what signals from Ichimoku clouds give .Hence was curious

5

Thanks Karthik.

6

The Ichimoku cloud indicator looks complex when we first apply it to our technical charts as it has too many components.

It is a technical indicator which tells you everything about the price trends like momentum, direction, volatility, support, resistance and potential reversals.