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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 makes a Doji and shows its indecision, following earlier week's, red and then green 'Hanging Man' 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 gets stuck near the 141 Fibonacci retrace, weekly candle is a Doji.
Looking Forward into this Week:
While all Signals currently favor Bulls, the ranging gives the Bears an edge in.
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 finish the consolidation, with a continuation move towards $67.
