Saturday, December 8, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Cloud (Kumo) Wars - Week 2 of December 2018






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



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Nifty 50, spends a dozen weeks around the gravitational field of the Kumo.
Chikou Span (left), climbs above and below the price line.


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Nifty draws a wide range, between 10K and 11.2K, in a bid to resolve the direction.
Bearish cross of the Blue and Red lines, can be attenuated with a break above this range.
Cumulative effect of Bearish Signals and range break down, would give the Bears their honey.
  




WRAP


Bulls with a Higher low and pop above the Kumo, seek to get above range at 11.2K.
Bears, want life below the Kumo and plan a lower high and then a lower low near 8k.