Zoom into Chart (Click)
Introduction / Primer to Ichimoku can be read at this link (click)
Learning from the Earlier Study: (click here for the previous post)
Bulls after deflecting the index from the Kumo and Weekly Support Line - pause at the Monthly Support line after making a Higher High.
Chikou Span (white line) still has a bearish cross with the Price line (see extreme left) .
Tenkan Sen (blue line) Cross was the Bull close for the week.
Wrap;
Index has a big green week and pauses near the Monthly Support line.
Looking Forward into this Week:
Bears want to keep the index below the Kijun Sen (red line) (Weekly resistance) - and aim for life inside the Kumo.
Chikou Span - in the congestion zone - could hug the Price-line, tracing its steep up move.
Life above the Tenkan Sen (blue line) is the next Bull ask.
Wrap:
Bears want some red on the screen and index pointing towards the Kumo.
Bulls look to clear the Monthly Resistance line, and continue to the Kijun Sen.
