How to Swing Trade Using the Ichimoku Cloud's Base Line
The base line is a component of the ichimoku cloud that demonstrates price momentum.
When the candles trade above the base line, it indicates that there is price momentum to the upside, and vice versa for the downside.
Initially, there was lack of momentum as demonstrated by the box in orange
It was also trending below a descending trend line resistance, marked by the dotted black line, indicating that a breakout through the resistance trend needed to take place.
At a certain point, it broke down the 5 SMA , and the base line as well, and the candle closed below the base line, providing bearish confirmation.