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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 moves up some more but the week was a stand off, defined by a perfect Doji candle.
May High as marked is the next major Resistance Zone
Chikou Span (white indicator), goes flat (see extreme left).
Wrap:
Chikou Span flat, Index shows indecision with 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 pointing towards the Kumo.
Higher Highs and Higher Lows is the way forward for Bulls - keeping above the Kumo.
Wrap:
Bulls after the Doji, eye life near old Highs with a continuation of trend.
Bears want to see the Chikou Span turn down towards the Kumo and the Index start making a low.
