Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Index leaves the Support Zone of Kijun Sen and Tenkan Sen and manages a meager bounce off the Kumo (cloud).
Weekly close was just above the previous low of 9952 (Fibonacci 100%).
NEXT
Bulls seek to take support near the Previous low or before the Fibonacci 113%.
With the Blue Tenkan Sen (currently intertwined with the Kijun Sen) falling below the Red Kijun Sen, in the coming week, Bears hope for a Medium Term Trend Change.
WRAP
Bulls with a swathe of red on the screen, look for a bounce back towards the Support Lines (10880).
Bears, seek to close below the Fibonacci 113% and stay below the Kumo.
