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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 fails to make the target zone 10500, once again.
Bears manage a minor wave Lower High, last week's candle misses a lower low by a whisker.
Index closes below the Blue Tenkan Sen Support line.
Wrap:
Index closes below the Blue line (Tenkan Sen), after a minor lower high.
Looking Forward into this Week:
Bulls seek to prevent a lower low and a fall towards the Kumo.
Bears seek to make a Lower Low and head below the Kijun Sen (red line).
A weekly close above the Tenkan Sen would help Bulls get back dominance.
Wrap:
Bulls intend to climb above the Tenkan Sen and reach the 162% Fibonacci (10500+) as marked
Bears hope to make a lower low and target life below the red line.
