Zoom into Monday's chart .. Click
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index reaches target 10500+, with the 'Three Inside up'.
Index keeps above the Blue Tenkan Sen Support line but make a double top.
Wrap:
Index makes it to 10500+ with help from the Three Inside up candle pattern.
Looking Forward into this Week:
Bulls seek to use the current strength to make a dash to another new All Time High (11200+).
Bears see faint hope in the Doji of last week becoming an Evening Doji Star.
Bulls want to make another Higher High a new ATH and maintain the major wave 'Higher High - Higher Low'.
Wrap:
Bulls seek to use current signals, to keep above the Tenkan Sen and target the 200% Fibonacci (11200+) as marked.
Bears hope to use current resistances to target life below the red line.
