Zoom into Chart (Click)
Introduction / Primer to Ichimoku can be read at this link (click)
Learning from the Earlier Study: (click here for the previous post)
Bulls deflect the index from the Kumo and Weekly Support Line.
Chikou Span (white line) still has a bearish cross with the Price line (see extreme left) .
Chikou Span in a congestion zone for now.
Wrap;
Index deflects near the Kumo - Bulls get green.
Looking Forward into this Week:
Bears want to keep the index below the Kijun Sen (red line) - Weekly resistance - and aim for life inside the Kumo.
Chikou Span - in the congestion zone - could hug the Price-line, tracing its steep up move.
Tenkan Sen (blue line) Cross is the next Bull ask.
Wrap:
Bears want more red on the screen and life in the Kumo.
Bulls look to take off from the Weekly Support line and continue the Up-move.
