Basic Ichimoku Components ExplainedGEO Group IncBATS:GEOtroydowvanzandt This is Figure 1 from my book Ichimoku for the Western Trader. Here we see the basic components of an Ichimoku chart. The indicator used is Lux Algo's Ichimoku Theories with all the bells and whistles turned off. First of all, let's get a feel for what's going on with this chart. GEO experienced a Sanyaku Kōten on March 23, 2026, with a Kumo breakout. Sanyaku Kōten translates roughly to “Three-Condition Turn for the Better.” Simply put, things got really bullish for GEO on this date. As you can see, the trend has progressed nicely. Chapter Seven discusses the two Sanyaku Setups in depth. You'll be able to figure out why this was such a nice one. Now, let's take a look at the individual components that helped me arrive at this conclusion early on. The yellow Chikou Span shows present price displaced 26 periods into the past. One of the key ideas in Ichimoku is that trend confirmation depends on how current price, historical price, and projected structure align. The red and green structures form the Kumo, or clouds. Chapter Six discusses their structure, how price interacts with them, and the market denizens you can expect to encounter in and around them.