Tuesday, June 12, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Triangle Time ? - Week 2 of June 2018

chart > 

Introduction & Primer to Ichimoku can be read at this link > click.


Index rises from the Kijun Sen (red line) and meets the top of the Triangle (link) midweek.
Tenkan Sen (blue) crosses above the Kijun Sen (red).


Bulls seek a Higher High above the previous High (ATH) - this means cracking the Triangle.
Bears need life below the red line, and need to defend the resistance at Triangle top.


Bulls chase the ATH (11703) and a Higher High with a break out of the Triangle Pattern.
Bears, seek life below the red line (10563) after defending the Triangle top.