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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)
Bulls continue to make new All time Highs (ATH) now hesitating at Fibonacci 113% of the last major Range.
Chikou Span (white) points up (see extreme left).
The Tenkan Sen (blue) was Support, which Index launched itself from, to this new high.
Wrap:
Bulls make another 'All Time High', hesitating at the Fibo 113%.
Looking Forward into this Week:
Bears hope that the resistance at the Fibonacci 113% as above, can result in some downside.
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.
Wrap:
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to clear 9545 and aim for 9600+.
Bears, hope to get the index below the Kijun Sen (red line) and aim for sub 7070 levels.
