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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Index dives below the blue Tenkan Sen and pauses above the previous low.
Bulls now attempt to climb above the Tenkan Sen (blue) after a High Wave Candle (link) last week.
NEXT
Bulls after taking support at the 227% Fibonacci. attempt to defend a Higher Low.
Bears want to prevent the Index climbing above the blue line (Tenkan Sen @2678).
Bears want to prevent the Index climbing above the blue line (Tenkan Sen @2678).
WRAP
A lower low and life in the Kumo. is the Bear plan.
Bulls seek to get above the (blue) Tenkan Sen and then the red line.
