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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)
Last week, the Index makes a Doji above the 127% Fibonacci of the last major Hi Lo.
Bulls keep it above the Weekly Support (Tenkan Sen - Blue) and make a new All Time High (ATH).
Wrap:
Bulls make a new ATH, Bears force a Doji.
Looking Forward into this Week:
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move going.
Bears now pray the Doji holds the next resistance (141%).
Wrap:
Bulls riding above the 'Tenkan Sen', for the last 25+ weeks, want to reach the 162% Fibo. retrace of the last major Hi Lo (10500).
Bears, want life below the Tenkan Sen (blue line) after forcing a Doji last week.
