Monday, June 5, 2017

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Marubozu - Week 1 of June 2017.

Zoom into chart .. Click 

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

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

Bulls stay well above the 'Tenkan Sen' and the Fibonacci 113% of the last major Range. 

Senkou Span A & B  start to converge (see KUMO/cloud extreme right). 
The candle produced last week was a Marubozu.

Bulls make another 'All Time High', and a 'Bullish Marubozu' (google it). 

Looking Forward into this Week:

Bears hope that the Senkou Span A & B convergence, can result in some downside. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

Marubozu is good for the Bulls.

Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 10500+.

Bears, hope to get the index below the Tenkan Sen (blue line) and aim for sub 5050 levels.