Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Nifty 50, spends a dozen weeks around the gravitational field of the Kumo.
Chikou Span (left), climbs above and below the price line.
NEXT
Nifty draws a wide range, between 10K and 11.2K, in a bid to resolve the direction.
Bearish cross of the Blue and Red lines, can be attenuated with a break above this range.
Cumulative effect of Bearish Signals and range break down, would give the Bears their honey.
WRAP
Bulls with a Higher low and pop above the Kumo, seek to get above range at 11.2K.
Bears, want life below the Kumo and plan a lower high and then a lower low near 8k.
