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Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index moves up smartly post consolidation with a solid green candle.
Old High as marked is the next Resistance Zone
Chikou Span (white indicator), stays above the Kumo (see extreme left).
Chikou Span above the Kumo, Index eyes old Highs.
Looking Forward into this Week:
Bulls want to stay above the Kumo and make new Highs (Center).
Bears want to see - the Chikou Span pointing towards the Kumo.
Higher Highs and Higher Lows is the way forward for Bulls - keeping above the Kumo.
Bears want to see the Chikou Span turn down towards the Kumo.
Bulls after the consolidation, eye life near old Highs.