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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)
After the perfect Support, at the Tenkan Sen, index gained with a green week.
Index still below the target zone 10500.
Bulls retain Higher High and Higher Low.
Wrap:
Index continues its take off from the Blue line (Tenkan Sen), which was Support.
Looking Forward into this Week:
Bulls want to use the take off from support, to reach the 162% Fibonacci, after the higher high and higher low.
Bears seek to make a Lower Low and head below the Kijun Sen (red line).
Wrap:
Bulls intend to keep above the Tenkan Sen and reach the 162% Fibonacci (10500+) as marked
Bears hope to make a lower low and turn from the target zone once again.
