Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Nifty 50, makes two new All Time Highs.
Second High floats +1.13% above the first.
Bulls keep index above all signals on the Ichimoku System at this time.
Second High floats +1.13% above the first.
Bulls keep index above all signals on the Ichimoku System at this time.
NEXT
Bulls aim for 12366, the Fibonacci 127% as marked above.
Last week's candle dipping below 'A' triggers the possibility (now at 20%) of a run towards 'D' of a possible (Bullish) Cypher Pattern.
Last week's candle dipping below 'A' triggers the possibility (now at 20%) of a run towards 'D' of a possible (Bullish) Cypher Pattern.
Bulls having pulled back above 'A' level, now look to trend on.
WRAP
Bulls on a roll, seek to make a new All Time High (12366) after climbing back above 'A' level.
Bears, seek more red on the screen and a dive to point 'D' marked.
