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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 moves up smartly post consolidation with a solid green candle.
Old High as marked is the next Resistance Zone
Chikou Span (white indicator), stays above the Kumo (see extreme left).
Wrap:
Chikou Span above the Kumo, Index eyes old Highs.
Looking Forward into this Week:
Bulls want to stay above the Kumo and make new Highs (Center).
Bears want to see - the Chikou Span pointing towards the Kumo.
Higher Highs and Higher Lows is the way forward for Bulls - keeping above the Kumo.
Wrap:
Bears want to see the Chikou Span turn down towards the Kumo.
Bulls after the consolidation, eye life near old Highs.
