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Monday, June 8, 2015

BSE Sensex - Ichimoku Study - Kumo Attacked - Week 2 of June 2015.





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


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


Bears attacks the Kumo, after Price deflected bearishly
at the Chikou Span the previous week #W1.
Gap between the Senkou Span A & B  narrows further #W3.
Gap between the Tenkan Sen and the Kijun Sen is steady #W2.


Wrap: 

Bears holding on to a Bearish Tenkan Sen-Kijun Sen Cross & Chikou Span Cross, attack the Kumo #W1 &W2.
Bulls are left with their last straw Senkou Span A & B cross  #W1.



Looking Forward into this Week:


Chikou Span can recross the Price line Bullishly, if the index bounces out of the Kumo #W1.

Narrowing gap between the Senkou Span A & B, makes a bullish deflection or bearish cross, imminent #W3.
Bull hope rests on getting back above the rather thick Kumo (Study Links herehere or elsewhere) #W2.



Wrap:

Bulls hope to repulse the attack on the rather thick Kumo, get the Chikou Span above the Price line and manage a deflection of the Senkou Span A & B  #W1. 
Bears look to stay in the Kumo, retaining the Bearish Crosses #W2.