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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 keeps above the 262% Fibonacci, makes a red Doji.
Bulls again maintain Higher Highs and Higher Lows, last Week.
All Ichimoku Signals continue to favor Bulls.
All Ichimoku Signals continue to favor Bulls.
Wrap:
Index makes a Doji, above the 262% Fibonacci retrace of the last major High-Low.
Index makes a Doji, above the 262% Fibonacci retrace of the last major High-Low.
Looking forward into this Week:
Bulls would now seek 2797, the 300% Fibonacci.
Bears pray for an Evening Doji Star, to get moving, below the Kijun Sen (Red Line)
Wrap:
Index above support - 2797, is the Bull plan.
Bears get a red Doji, need life below the blue line.