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Learning from the Earlier Study: (click here for the previous post)
Wrap:
Looking Forward into this Week:
Chikou Span is making a Bullish Cross with the Price line (left) unless a sharp down move occurs.
Wrap:
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index Pops out of the Kumo, after making 3 'Hangman' Candlesticks, just below the Kumo Top (centre).
Senkou Span A and B, converge (right extreme).
Senkou Span A and B, converge (right extreme).
Chikou Span touches the Price line (left).
Tenkan Sen and Kijun Sen Touch (center)
Wrap:
Index pops out of the Kumo after it makes 3 'Hangman' candles, Break out?.
Looking Forward into this Week:
Chikou Span is making a Bullish Cross with the Price line (left) unless a sharp down move occurs.
Keeping above the 61.8% Fibonacci (Of this year's Hi and Lo) and reaching $62 is the Bull plan.
Bears hope that the Senkou Span A&B deflect.
Bears hope that the Senkou Span A&B deflect.
Bulls seek a Cross of the Blue Tenkan Sen to above the Red Kijun Sen (Center)
Wrap:
Eager Bulls, looking to hold the large wave 'Higher Low' manage to POP out of the Kumo.
Bears hope for a 'Throwback' to the Kumo Top, and then a fall below the critical support, $53 of the last few weeks.
