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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 stays above the Kumo (centre).
Senkou Span A and B, cross bullishly (right extreme).
Senkou Span A and B, cross bullishly (right extreme).
Chikou Span crosses the Price line bullishly (left).
Tenkan Sen and Kijun Sen cross bullishly (centre).
Wrap:
Index Breaks out of the Kumo, Throw Back yet to happen.
Looking Forward into this Week:
3 Bullish Crosses: Chikou Span & Price line (left), Senkou Span A & B (right), Tenkan Sen & Kijun Sen (centre), all help Bulls.
Keeping above the 61.8% Fibonacci (Of this year's Hi and Lo) and reaching $62 is the Bull plan.
Throw back to the Kumo, yet to happen - That's the Bear Hope.
Throw back to the Kumo, yet to happen - That's the Bear Hope.
Wrap:
Bears hope for a 'Throwback' to the Kumo Top, and then pray for a fall below the critical support, $53 of the last few weeks.
Bulls seek to keep the advantage of three Bullish Crosses, with a quick move towards $62.
