Zoom into Chart (Click)
Introduction / Primer to Ichimoku can be read at this link (click)
Learning from the Earlier Study: (click here for the previous post)
Bulls after making a Higher High, reach the Weekly resistance precisely.
Chikou Span (white line) still has a bearish cross with the Price line (see extreme left) .
Kijun Sen (red line) was the High and near close for the week.
Wrap;
Index has third big green week and pauses near the Weekly Support line.
Looking Forward into this Week:
Bears want to keep the index below the Kijun Sen (red line) (Weekly resistance) - and aim for life inside the Kumo.
Chikou Span - could hug the Price-line, tracing its steep up move.
Life above the Tenkan Sen (blue line) is the Bull ask.
Wrap:
Bulls look to clear the Weekly Resistance line, and continue to the previous High.
Bears want some red on the screen after a precise stop at the Kijun Sen (and (google) 'Three White Soldiers').
