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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Index makes a Higher High and a Double Top, then falls into a range between the red and blue line.
Chikou Span stays deflected off the price line.
NEXT
Bulls after making a Larger Wave Higher High, now seek to make a Higher low.
Bears hope to get below the red and blue range and make a lower low, below the Kumo.
Bears hope to get below the red and blue range and make a lower low, below the Kumo.
WRAP
Fibonacci 100% and life above the red and blue range, is the Bull plan.
Bears seek a lower low (sub 1238) below the Fibonacci 61.8%.
