Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Monthly resistance line demolished as a massive Kumo Breakout happens.
All signals are currently Bullish.
Chikou Span hovering near the Kumo top (extreme left)
Wrap:
Monthly Resistance line demolished as Bulls get their Kumo Breakout.
Looking Forward into this Week:
Bears want to get the Chikou Span back inside the Kumo (extreme left).
Longs having achieved a higher high (weekly close) now look to keep the momentum going.
Bulls now look to keep above the Tenkan Sen and not allow the Bears any leeway.
Wrap:
Bears look to get below the Tenkan Sen, after getting the Chikou Span inside the Kumo.
Bulls look at continuing life above the Weekly Resistance after the massive Kumo Breakout.
