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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 after a 'Three Outside Up' pattern makes a Higher High.
Senkou Span A and B, turn up and diverge bullishly (right extreme).
Chikou Span deflects neatly off the Price line (left).
Tenkan Sen and Kijun Sen, turn up and diverge bullishly (center).
Wrap:
Index makes an Three Outside Up pattern above support, Target in sight..
Looking Forward into this Week:
All Signals favor 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, is still an expectation of the Bears.
Throw back to the Kumo, is still an expectation of the Bears.
Wrap:
Bears hope for a 'Throwback', from resistance near the target.
Bulls seek to keep the advantage with the Three Outside Up, for move towards $62.
