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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, but produces a Bullish Harami.
Bears manage a minor wave Lower High, last week's candle makes a lower low.
Index closes above the Blue Tenkan Sen Support line.
Wrap:
Index closes above the Blue line (Tenkan Sen), produces a Bullish Harami.
Looking Forward into this Week:
Bulls seek to defend the red Kijun Sen, and a stop a fall towards the Kumo.
Bears seek to make another minor wave Lower High and head below the Kijun Sen (red line).
Bulls want to make a Higher High a new ATH and maintain the major wave 'Higher High Higher Low'.
Wrap:
Bulls intend to keep above the Tenkan Sen and reach the 162% Fibonacci (10500+) as marked
Bears hope to make another minor wave, lower high and target life below the red line.
