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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 deliberation leads to a red candle - Deliberation was above support @78.6% Fibonacci retrace (between last major High and Low).
Chikou Span (white) above the Price line (see extreme left) .
Resistance (blue) line marked matches with a Higher High.
Wrap;
Deliberation leads to a red candle - index takes support as marked.
Looking Forward into this Week:
Bears would like a Bearish deflection of the Tenkan Sen and the Kijun Sen next.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Life above the September 2016 high (marked) is the Bull ask.
Wrap:
Bears seek to prevent a Higher High and get Index back below Weekly Support.
Bulls plan to make a dash above the marked High and make a Higher High.
