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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 bounces off support (i.e. Tenkan Sen - blue line) and makes a Doji candle.
Bulls maintain Higher Highs and Higher Lows but end up with an uncertain Week.
All Ichimoku Signals continue to favor Bulls.
All Ichimoku Signals continue to favor Bulls.
Wrap:
Index trades a Doji candle, but above Support i.e. the Tenkan Sen (blue line), ranging week.
Index trades a Doji candle, but above Support i.e. the Tenkan Sen (blue line), ranging week.
Looking forward into this Week:
Bulls again would seek to reach the 262% Fibonacci.
Bears need to get below the Kijun Sen (Red Line) to make an impact.
Wrap:
Index above support - Another New All Time High; is the Bull plan.
Bears pray for red and life below the critical 2550.