Monday, January 22, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Closing White Marubozu - Start of Week 4 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 White Marubozu.


Bulls seek to use the current continuation signals 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 get into the game.