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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)
Three White Soldiers pattern plays out and the Bulls cross the Kijun Sen (red) - confirmation needed.
Chikou Span (white) continues to climb, while below the Price line (see extreme left) .
Previous Monthly resistance (see previous post) was the takeoff for this move.
Wrap;
Index crosses the Kijun Sen, with one huge green candle.
Looking Forward into this Week:
Bears want to get the index below the Kijun Sen (red - Weekly Support) - and aim for life inside the Kumo.
Chikou Span - needs to cross the Price line bullishly if the Bull move is on.
Life above the September 2016 high (marked) is the Bull ask.
Wrap:
Bulls look to keep above the Weekly Support line, and continue to the previous High.
Bears seek to keep the Chikou Span below the Price line and get Index back below Weekly Support.
