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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 way above support (i.e. Tenkan Sen - blue line) and Clears the Fibo 227%.
Bulls maintain Higher Highs and Higher Lows and close just above Fibo 227%.
Index makes a Doji, above all the Ichimoku Signals.
Index makes a Doji, above all the Ichimoku Signals.
Wrap:
Index makes a Doji, above Support - the Tenkan Se (blue line - 2488) with another ATH.
Index makes a Doji, above Support - the Tenkan Se (blue line - 2488) with another ATH.
Looking forward into this Week:
Bulls now seek to head towards the 262% Fibonacci.
Bears need to get below the Kijun Sen (Red Line) to make a lasting impact.
Wrap:
Index above support at 2488 - Another New All Time High; is the Bull plan.
Bears pray for a red Candle, after the indecisive Doji week.