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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 stay well above the 'Tenkan Sen' even as Bears Produce a Harami.
Senkou Span A & B start to converge (extreme right).
Bears counter the Bullish Green Marubozu with a small red candle producing in net a Harami.
Wrap:
Bulls make another 'All Time High', but end up making a Bearish Harami (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.
Bearish Harami, if it results in a 'Three Inside Down', is good for the Bears.
Wrap:
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 127%.
Bears, hope to get the index below the Tenkan Sen (blue line) with a 'Three Inside Down'.
