Sunday, September 6, 2015

China SSEC - Ichimoku Study - Kumo Saves again - Week 2 of September 2015.

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

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

Bulls get another save, at the Kumo #W1.
Chikou Span stays below the Price line #W1.
Gap between the Senkou Span A & B, narrows to touch point #W3.

After the Bearish cross of the Tenkan Sen and Kijun Sen #W2 previously, Index confirms a bearish Chikou Span cross #W1.
Bulls find a repeat support at the Kumo #W2.

Looking Forward into this Week:

Bearish Tenkan Sen & Kijun Sen Cross (its called a 'weak bearish signal' as it occurred when the index was Bullish i,e. above the Kumo) works well for the Bears #W2.
Bears now need to get the Price line back in the Kumo, to keep dominance of this screen #W1. 
Gap between the Senkou Span A & B at #W3, is near closing - possibility of a Bullish Deflection or Bearish Cross, keeps Bulls and Bears on call.

A Bearish Senoku Span cross and a weekly close inside the Kumo #W3, are what the Bears hope to achieve this week.
Getting back above the Tenkan Sen #W2, with a re-cross by the Chikou Span, to above the Price line #W1, is the priority for Bulls.