LESSON 10 OF 13 · MAKE THE ANALYSIS EXPLICIT
A repeatable chart reading checklist
Original schematic · For learning, not a market forecast.
A checklist turns a visual impression into observations you can compare over time. Fill it in using completed bars, and revisit it whenever the market’s structure changes.
- Environment. Is Kijun rising, falling or flat? Does price support a trend or range description?
- Balance. Is price above or below Tenkan, Kijun and the relevant cloud boundaries?
- Chikou. Is it clear of historical price, below it, or congested?
- Progress. Which relationships improved or deteriorated since the previous observation?
- Scenario. Which level and next observable event would support or invalidate your view?
- Range alternative. If the market is sideways, record the centre, upper edge, lower edge and width.
Keep a short journal
Record the symbol, timeframe, bar time, settings, relevant levels and a screenshot. Use descriptions such as “mixed” when evidence conflicts. A checklist documents reasoning; it does not generate a mechanical buy or sell instruction.
Check your understanding
Kijun is flat, Chikou is tangled, and price is inside the cloud. Must the checklist select a bullish or bearish answer?
Reveal the explanation
No. “Range or unresolved” is a useful conclusion. Record boundaries and the condition that would resolve the uncertainty.
Further reading: Kojiro’s Japanese Ichimoku lesson 10. This English lesson and its diagram were independently written and created by Ichimoku Master.
