Ichimoku Kinko Hyo Introduction | Episode 8: Leading Span and Lagging Span Part 1 [Supervised by Tetsuo Hosoda (Sansei Ichimoku Sanjin)]

[Introduction to Ichimoku Kinko Hyo [Supervised by Tetsuo Hosoda (Sansei Ichimyou Sanjin)]] Serialized article (14 parts in total)
・Part 1 The Origin of Ichimoku Kinko Hyo(Free)
・Part 2 The Three Clouds and Time Relationships I
・Part 3 The Three Clouds and Time Relationships II
・Part 4 What Can Be Understood from Time Relationships, Price Relationships
・Part 5 Turning Line and Base Line I
・Part 6 Turning Line and Base Line II
・Part 7 Turning Line and Base Line III
・Part 8 Leading Span and Lagging Span I
・Part 9 Leading Span and Lagging Span II
・Part 10 The "Model" of Preparation Structure and 9-Week Chart
・Part 11 9-Week and 9-Month Charts
・Part 12 Real-line B, Y and the Benchmark Line
・Part 13 How to Use B and Y
・Part 14 Contents of the Original Ichimoku Kinko Hyo

Table of Contents for Part 8

1. How to construct and overview of the three spans
2. How to construct Leading Span and Lagging Span
3. Confirming Ichimoku Kinko Hyo's function on the weekly scale
4. The crossings of each line are called “Bullish Turn” and “Bearish Reversal”
5. Crossings of each line and market levels
6. Little-known facts about Ichimoku Kinko Hyo

Tetsuo Hosoda (Hosoda Tesshai) Profile

Hosoda Tessai Co., Ltd. Sansei Ichimoku Sanjin. Inherits the will of Ichimoku Sanjin and pursues disseminating the proper use of Ichimoku Kinko Hyo. Writes market analysis and charting lectures for the “Ichimoku Kinko Hyo Club” hosted by the Economic Fluctuation Research Institute. Every Monday on Radio NIKKEI Market Press, broadcasting “Technical Analysis from Nikkei 225 Ichimoku Kinko Hyo.”

Official site:Ichimoku Kinko Hyo Official Website | Economic Fluctuation Research Institute

The copyright of Ichimoku Kinko Hyo is held by Economic Fluctuation Research Institute Co., Ltd., which publishes the original work. For purchasing the original work, please see the Ichimoku Kinko Hyo Official Website.

Services | Ichimoku Kinko Hyo Official Website | Economic Fluctuation Research Institute

3 Types of Span Construction and Overview

Until now, we have explained the basics of the Kinko Hyo (Turning Line, Base Line) over three installments. The Kinko Hyo uses a base value of 9 and 26 periods, chasing half of those base numbers, functioning as support and resistance, i.e., price levels. By combining this with the concept of three waves and consolidation breakout, one can read time and price relationships for both stagnant and moving markets.

With that in mind, from this point we will learn spans (Leading Span and Lagging Span). First, how to construct the spans. There are two Leading Spans: one connects the half of the Turning Line and Base Line, and the other connects the half of the past 52 days, plotted 26 days ahead. Their positions define the upper and lower limits (the direction flips in uptrends vs downtrends).

This Leading Span can be viewed as looking ahead to about 26 days into optional pullbacks, reversals, and market levels. While the Kinko Hyo expresses current values of the half-values in the short-to mid-term, the spans look ahead to future boundaries in the mid- to long-term.

The other Lagging Span is the actual price line shifted back by 26 days. This has a different meaning from the other lines that show half-value relationships. Its use will be explained on another occasion.