Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Nifty 50, falls hard from the All Time High.
Lands on the Kumo in a perfect touchdown.
Chikou Span (white line - see left) touches the price line.
Lands on the Kumo in a perfect touchdown.
Chikou Span (white line - see left) touches the price line.
NEXT
Bulls seek to stay above the Kumo support.
Last week's candle dipping below 'B' heightens the possibility (with probability now at 50%) of a run towards 'D' and a possible (Bullish) Cypher Pattern.
Last week's candle dipping below 'B' heightens the possibility (with probability now at 50%) of a run towards 'D' and a possible (Bullish) Cypher Pattern.
Bulls using current supports, pray they can avoid more red and need to get back above the Red and Blue lines (which would cross each other bearishly next week).
WRAP
Bulls, battered and bruised, pray for a green candle next.
Bears, seek more red on the screen and a dive to point 'D' (10456) as marked above.
