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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Index drops, after a 'lower High and lower Low'. to take support at the red line (Kijun Sen).
Chikou Span (white line - see left) is on track, for a Bullish Deflection or a Bearish Cross of the Price line.
NEXT
Bears, after reaching the red line at $71, hope to break below it.
Bulls need to take support at the red line and attempt a Higher High.
WRAP
Bears seek more red and break below the Red line ($71).
Bulls seek to take off from support, using some help from the Chikou Span (white line - see left) and get above the Blue line (Tenkan Sen @ $76).
