Monday, January 8, 2018

Nifty (Asia India) - Ichimoku Weekly Study - ATH - Start of Week 2 of January 2018
chart > 

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


Index takes support at the 162% Fibonacci as it makes a new ATH.
Index keeps above the Blue Tenkan Sen Support line making a Pinbar.


Bulls seek to use the current strength to make a dash to another new All Time High (11200+).
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 (11200+) as marked.
Bears hope to get below the blue line.