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)
Three White Soldiers pattern plays out and the Bulls cross the Kijun Sen (red).
Chikou Span (white) continues to climb, crosses above the Price line (see extreme left) .
Resistance (blue) line marked matches with a Higher High.
Wrap;
Index crosses the Kijun Sen, and then the Chikou Span makes a Bullish Cross.
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 stay above the Price line to keep the Bull move alive.
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 prevent a Higher High and get Index back below Weekly Support.
