Senko Span A (SSA)

Senko Span A (SSA) This is the 5th thread from the Ichimoku Series. Here I will cover Senko Span A (SSA).

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1/7 Basics ➡️Meaning: Mid/short term support/resistance. On an uptrend, top of the cloud and on a downtrend, bottom of the cloud. 🧮 Formula: The average of Kijun Sen and Tenkan Sen shifted 26 candles in the future. This equals 9 + 26 = 33 / 2 = 17.5. SSA reflects in some indirect way the market situation based on in 17.5 periods which is close to 17. 17 is the second Kihon Suchi number from the Ichimoku Time Theory. 9 and 26 are KS numbers as well, used respectively for Tenkan Sen and Kijun Sen. ❌SSA is NOT a Han-ne line. The Han-ne lines are calculated based as the half of the highest and lowest price for a certain periods. They are Tenkan Sen, Kijun Sen and SSB.

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2/7 📔 Readings: Most readings are related to the kumo (cloud) in combination with SSB (which will be covered in the next lesson).

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3/7 Slope Flat SSA or SSA going against the trend is a warning sign of a weakening trend and might be a sign for its end - but it can't be used as a standalone signal for that.

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4/7 Strength ❓Is SSA strong support/resistance? There is not a simple answer to this question. We already know that Tenkan Sen is a weak (short-term) S/R and Kijun Sen is a strong (mid term) one. As SSA is built from the medium value between them, it makes sense to argue that its strength is also in the middle. ☁️💪However, SSA goes together with SSB as one of the building lines of the kumo (cloud). And the strength of the support/resistance of the kumo depends on its thickness. I.e., the ticker the kumo (the bigger the distance between SSA and SSB), the stronger support/resistance SSA and SSB provide. And vice versa.

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5/7 🚦 Signals: Kumo twist in combination with SSB. 🐂When SSA crosses above SSB, this is called a bullish kumo twist. It means that there is a bullish shift in the long term trend. 🐻When SSA crosses below SSB, this is called a bearish kumo twist. It means that there is a bearish shift in the long term trend. Athough this is not an official term to my knowledge, you can think of the SSA/SSB cross as the "big cross" in the Ichimoku system and you can think of the Tenkan Sen/Kijun Sen cross as the "small cross". The big cross reflects the situation in the market for longer term and is harder to achieve.

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6/7 Previous lessons: 1. The Ichimoku TA system https://x.com/drpastet/status/1807703250189099208 2. Tenkan Sen https://x.com/drpastet/status/1810173264020328553 3. Kijun Sen https://x.com/drpastet/status/1813659904688685089 4. Real and fake TK crosses https://x.com/drpastet/status/1815300535542526240

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