Monday, January 15, 2018

Nifty (Asia India) - Ichimoku Weekly Study - ATH - Start of Week 3 of January 2018
chart > 

Introduction & Primer to Ichimoku can be read at this link > click.


Index keeps above support at the 162% Fibonacci (of the 2015 low to 2016 high) with an ATH.
Index keeps above the Blue Tenkan Sen Support line making a near Marubozu.


Bulls seek to use the current strength to make a dash to another new All Time High.
Bulls want to make another Higher High, a new ATH and maintain the major wave 'Higher High - Higher Low'.


Bulls seek to use current signals, to keep above the Tenkan Sen and target the 200% Fibonacci as marked.
Bears need to get below the blue line, to be heard.