Monday, March 6, 2017

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Resistance Skirmish - Week 2 of March 2017.

Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Index has a skirmish with the September 2016 High.

Chikou Span (white) above the Price line (see extreme left). 
Tenkan Sen and Kijun Sen make a Bullish Cross.

index takes off from support and is negotiating the previous High - with a Strong Bullish Cross to back it.

Looking Forward into this Week:

Bulls get a Tenkan Sen and Kijun Sen cross - which is a strong Bullish Signal.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bears after defending the September 2016 High - would want  to keep the space.

Bears would want to defend the current  close and get Index back below Weekly Supports. 

Bulls plan to go Higher on the back of the Bullish 'Tenkan Sen- Kijun Sen Cross'.