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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Index falls back to Channel Support near the 162% Fibonacci (of the 2015 low to 2016 high) after being sent back by the Channel Resistances shown.
Index attempts to keep above the Red Kijun Sen Support (10434), at this point in time.
NEX
Bulls hope to hold on to the cluster of support lines shown.
Bears want to force a lower low after breaking the red support line (10434) above.
WRAP
Bulls seek to use current support, to keep above the Kijun Sen and target the 200% Fibonacci once again.
Bears, seek to keep up the momentum, with a 'lower low' (sub 10033).
