Saturday, March 24, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Lower Low, Kumo Landing & Chikou Span - Start of Week 4 of February 2018






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PAST

Index after breaking Support at Channel Bottom, makes a Lower Low below 10033.
Chikou Span is into the Price line (see left).
Bears force a lower low, after they prevented the 'Pullback' breaking into the channel bottom.

NEX

Bulls need keep it above the Kumo (9777+), and attempt another shot at the (red) Kijun Sen,
Bears hope the Chikou Span gets below the Price line.


WRAP


Bulls seek to get above the Red line, with help from a Chikou Span deflection off the Price line.
Bears, seek to keep up the momentum and get into the Kumo.