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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 approaches $67, making an 'Opening white Marubozu' above support $62.
Senkou Span A and B, up bullishly (right extreme).
Chikou Span deflects, way above the Price line (left).
Tenkan Sen and Kijun Sen, up bullishly (center).
Wrap:
Index makes an 'Opening white Marubozu', above support at $62.
Looking Forward into this Week:
All Signals currently favor Bulls.
Getting below support and turning towards the Kumo is the Bear plan.
Heading to the 162% Fibonacci ($67) with the current momentum would be the Bull way.
Heading to the 162% Fibonacci ($67) with the current momentum would be the Bull way.
Wrap:
Bears hope for a 'Throwback', to the Kumo.
Bulls hope to retain the advantage, with the 'Opening white Marubozu', for move towards $67.
