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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Index takes support at the 162% Fibonacci as it makes a new ATH.
Index keeps above the Blue Tenkan Sen Support line making a Pinbar.
NEXT
Bulls seek to use the current strength to make a dash to another new All Time High (11200+).
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 get below the blue line.
