Monday, June 19, 2017

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - 3 Inside Down?! - Week 3 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' even the Bearish Harami tends towards a 'Three Inside Down' pattern.

Senkou Span A & B  close but flat (extreme right). 
Bears fail to break below  the Green Candle's Low yet (see last three candles)

Bears get second Red Candle, Bulls hold recent lows.

Looking Forward into this Week:

Bears hope that the Senkou Span A & B will cross bearishly. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

A completed 'Three Inside Down', is good for the Bears.

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'.