Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls take the Tenkan Sen #W2, after the Chikou Span bounce off the Price line #W1.
Gap between the Senkou Span A & B #W3, as also the Tenkan Sen & Kijun Sen steady #W2.
Wrap: Index just above the Tenkan Sen #W2, Bulls capitalize on the Chikou Span bounce at Price line #W1
Looking Forward into this Week:
Chikou Span holding above the Price Line, gives Bulls another shot at the ATH #W1.
Narrowing gap between the Tenkan Sen & Kijun Sen, opens possibility of bullish deflection or bearish cross #W2.
Wrap: Bulls aim for a new ATH keeping above the Tenakan Sen.
Bears look to push towards the Kumo once again, with a move below the Kijun Sen #W2.