Ichimoku is a comprehensive technical analysis tool used in financial markets to assess price trends and potential support and resistance levels. It consists of five main components: Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. Together, these elements provide a visual representation of market momentum and help traders make informed decisions. The Ichimoku system is designed to offer a holistic view of price action, allowing traders to identify trends at a glance. It can be applied to various timeframes and is popular among both short-term and long-term traders for its ability to highlight potential entry and exit points.