Monday, April 10, 2017

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Shooting a Higher High - Week 2 of April 2017.

Zoom into chart .. Click 

Introduction / Primer to Ichimoku can be read at this link (

Learning from the Earlier Study: (click here for the previous post)

Bulls keep above support and take the Index Higher - weekly candle resembles a Shooting Star.

Chikou Span (white) flat, but towers above the price line (see extreme left). 
The Tenkan Sen (blue) is fall back Support.

Bulls continue above the previous 'All Time High' - Bears make the Weekly candle a 'Shooting Star'.

Looking Forward into this Week:

Bulls continue to reap rewards from the Tenkan Sen and Kijun Sen cross - which has been a strong Bullish Influence.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bear wish list sees life below the March 2015 High, and a crash to sub 7070 levels.

Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', seek the stars with another High.

Bears plan to shoot the index towards the Tenkan Sen and get some red on the Index.