Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index slides to next support the Kijun Sen (Red line - Center) after breaking the Tenkan Sen.
Bulls retain honors for a Higher High and Higher Low (by a whisker).
Last three weekly candles form an Three Outside Down Pattern.
Wrap:
Index stays above the Kijun Sen but makes a Three Outside Down Pattern last week.
Looking Forward into this Week:
Bulls want to restart the momentum and reach the 162% Fibo., after the higher high and higher low.
Bears look to make a Lower Low and break the Kijun Sen (red line).
Wrap:
Bulls intend the climb above the Tenkan Sen and reach the 162% Fibonacci (10521).
Bears seek life below the Kijun Sen (9626) with help from the Three Outside Down Pattern,
