Ichimoku Kinko Hyo, often simply referred to as Ichimoku, is a comprehensive technical analysis indicator used in trading to assess momentum, support, and resistance levels. It consists of five main components: Tenkan-sen (conversion line), Kijun-sen (base line), Senkou Span A and B (leading spans), and Chikou Span (lagging line). The combination of these lines provides insights into market trends and potential reversal points, allowing traders to make informed decisions regarding entry and exit points in various financial markets.