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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)
Index once again takes support at the 127% Fibonacci of the last major Hi Lo, and closes above the Tenkan Sen (Blue line - Center).
Last week's candle closes above the previous week's candle - keeping hopes for a 'Three inside up' alive.
Wrap:
Index hangs around the 127% Fibonacci, Keeps Bull hopes alive.
Looking Forward into this Week:
Bulls seek to use the current support to make a Three inside up pattern, and stay above the Tenkan Sen (blue - centre).
Bears look to move the index below Fibonacci 127% and prevent a Three inside up.
Wrap:
Bulls hold on to the Higher Low and now want a 'Three inside up'.
Bears need to dive well below the Kijun Sen (red line @9500) to rock the boat.
