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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 follows earlier week's 'Opening white Marubozu', with a red and then green, Hanging Man, weekly candles.
Senkou Span A and B, flatten (right extreme).
Chikou Span way above the Price line (left).
Tenkan Sen and Kijun Sen, flat (center).
Wrap:
Index goes into a range after an 'Opening white Marubozu', above support at $62.x
Looking Forward into this Week:
All Signals currently favor Bulls.
Getting below support and heading towards the Kumo is the Bear plan.
Heading to the 162% Fibonacci ($67) with the current momentum would be the Bull way.
Heading to the 162% Fibonacci ($67) with the current momentum would be the Bull way.
Wrap:
Bears hope for a 'Throwback', to the Kumo.
Bulls want to retain the advantage, keeping above support, for continuation move towards $67.
