TO READ THIS WEEK's POST CLICK HERE...

Monday, July 13, 2015

China SSEC - Ichimoku Study - Kijun Sen Resistance - Week 3 of July 2015.







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


Learning from the Earlier Study: (This is a new study)


Chikou Span drops with the Price line #W1.
After slipping below the Tenkan Sen and Kijun Sen earlier, Index goes green, in its attempt to get back above these lines #W2.

Gap between the Senkou Span A & B  wide and steady #W3.
Gap between the Tenkan Sen and the Kijun Sen reduces #W2.


Wrap: 

Bears keep Index below the Kijun Sen #W2. 

Bulls make a come back with a green week, but fail to get to the Kijun Sen #W2.


Looking Forward into this Week:



Bears need to get the Chikou Span below the Price line, to maintain advantage #W1.
Index closing below the Kijun Sen, a strong resistance, good for Bears #W2.

Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support for the Bulls in the weeks to come #W3.
Gap between the Tenkan Sen and the Kijun Sen reduces -  bullish deflection or bearish cross imminent #W2.



Wrap:

Getting back above the Tenkan Sen and Kijun Sen #W2, priority for Bulls.
Bearish cross of the Tenkan Sen and Kijun Sen #W2 is the next Bear ask.