Here's the 15min Chart of Minifty with Ichimoku Settings of 4,25,50 representing Hourly, Daily and 2-Days TF:
1. Green Dotted Lines are plotted to mark the Highest and Lowest points of the range; ie; around 5240 and 4850 respectively....
2. & 3. DarkPink Dotted Lines connect the Pivots on Chikou Span (CS plotted in Color Aqua)..... The reference level for Shorts is around 5079 and that for Longs is around 4863.....
4. These represent the valid Stops for the trade and hence we may look forward to a trade on either side....
5. The present angle of the trendlines show that Bears are aggressive than Bulls....
6. Now we plot the Horizontal Support/Resistance lines marked as Red Dotted Lines around 5005-5010 region and 5145-5150 region.....
7. & 8. Now we have a look at Tenkan Sen (TS plotted in Color Yellow) and Kijun Sen (KS plotted in Color Red).... Neither of them is flat representing that price is continuously making new Highs/Lows...
9. Recently TS has crossed above KS from below indicating a rise in Bullish Sentiments among Market Participants....
Conclusion 1: We also note that CS has taken out the recent Pivot High after forming a Pivot Low.... and the fact that TS-KS Combo has given a Bullish Crossover, we may look forward to go Long with Stops at our Reference Level aka recent Pivot Low around 4863.... If the Trade moves in our favour, then the areas of alert are the Top of Cloud (presently around 4980) and the two Dotted Red Horizontal Lines....
Conclusion 2: Or else, we may wait for the DownSloping Trendline to get broken and then take the trade on the Long Side....
Note: Linkon Sir.... does it look good
Regards