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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 makes a red candle, above the 127% Fibonacci (of the last major Hi Lo), and above the Tenkan Sen (Blue line - Center).
Last week's candle is once again a 'Hangman'.
Wrap:
Index stays above the Tenkan Sen and makes a Red Hangman Candle last week.
Looking Forward into this Week:
Bulls want to build on current momentum to clear the last tall red candle, and thus make a higher high.
Bears look to move the index below Fibonacci 127% and make a Lower Low.
Wrap:
Bulls hold on to the Higher Low and now want a 'Higher High'.
Bears seek life below the Tenkan Sen.
