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.
