Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Index below the Kijun Sen #W2.
Gap between the Senkou Span A & B #W3 decreases #W3.
Gap between the Tenkan Sen & Kijun Sen decreases #W2.
Chikou Span into the Price line #W1, looks to cross Bearishly.
Wrap:
Bears move Index below the Kijun Sen and are poised to manage a Bearish Chikou Span Cross #W1.
Bulls take solace that, all the 3 Red Crosses on the screen are 'Weak' as they occur above the Kumo, i.e. in Bull territory #W1.
Looking Forward into this Week:
Chikou Span is into the Price line, set to cross in Bearishly #W1.
Narrowing gap between the Tenkan Sen & Kijun Sen, makes a bullish deflection or bearish cross, imminent #W2.
Bull hope rests on staying above the Kumo #W2.
Wrap:
Bulls fight to stay above the Kumo, in Bull territory, as all the Red Crosses on the Screen are deemed 'weak'.
Bears look to push into the Kumo, with a Bearish Tenkan Sen & Kijun Sen Cross #W2.
