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Monday, March 30, 2015

BSE Sensex - Ichimoku Study - Life below the Kijun Sen - Week 1 of April 2015.








Introduction / Primer to Ichimoku can be read at this link (click). 


Learning from the Earlier Study: (click here for the post)


Bears taste life below the Kijun Sen, after they break through this line after 18+ months #W2.

Gap between the Senkou Span A & B  #W3, as also the Tenkan Sen & Kijun Sen narrows #W2.
The Chikou span #W1 almost at price line


Wrap: Index below the Kijun Sen after 18+ months #W2, Bulls see the Chikou Span above Price line
 #W1




Looking Forward into this Week:


Chikou Span holding above the Price Line, is some solace for Bulls #W1.

Narrowing gap between the Senkou Span A & B  #W3, as also the Tenkan Sen & Kijun Sen, opens possibility of bullish deflection or bearish cross #W2.


Wrap: Bulls pray that the Chikou Span bounces off the Price line #W1, helping the index get back above the Kijun Sen.

 Bears look to push towards the Kumo.