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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 hits the target $67.
Senkou Span A and B, rise (right extreme). Chikou Span way above the Price line (left).
Tenkan Sen and Kijun Sen, up (center).
Wrap:
Index reaches $67 with two (weekly) big green candles.
Looking Forward into this Week:
All Signals favor Bulls, a third big green candle makes a Three White Soldiers pattern.
Bears, seeing the index at significant target hope for resistance.
Heading to the 200% Fibonacci ($72) with the current momentum would be the Bull way.
Heading to the 200% Fibonacci ($72) with the current momentum would be the Bull way.
Wrap:
Bears hope for life below the Tenkan Sen (Blue line) using the resistance at Fibonacci 162%.
Bulls want a continuation to $72, with a Three White Soldiers pattern.
