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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 gets a red week after the previous week's Doji candle showed us indecision.
High as marked, is the next major Resistance Zone
Chikou Span (white indicator), goes down (see extreme left).
Wrap:
Chikou Span turns down, Index goes red after a Doji.
Looking Forward into this Week:
Bulls want to stay above the Kumo and make new Highs (Center).
Bears want to see the Chikou Span, headed towards the Kumo.
Higher Highs and Higher Lows is the way forward for Bulls - keeping above the resistances marked, should do it.
Wrap:
Bulls want green again, with life near old Highs and a continuation of trend.
Bears want to see the Chikou Span head down towards the Kumo and the Index below the resistances.
