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

Monday, July 27, 2015

China SSEC - Ichimoku Study - Peep & Fall - Week 5 of July 2015.




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


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

Chikou Span climbs #W1.
Index goes green again, peeps above the the Kijun Sen, but falls to close the week below it #W2.

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


Wrap: 

Bears force Index to below the Kijun Sen #W2. 

Bulls get another green week, but fail to close above 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, good for Bears #W2.

Gap between the Senkou Span A & B staying wide, makes 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 steady -  bullish deflection or bearish cross still on #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 hope.