Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bears close the week inside the Kumo #W2.
Chikou Span crossed below the Tenkan Sen, well below the Price line #W1.
Gap between the Senkou Span A & B, steady #W3.
Gap between the Tenkan Sen and Kijun Sen narrow, but steady #W3.
Wrap:
Bulls lose advantage, as Bears close inside the Kumo last week #W2.
Looking Forward into this Week:
Chikou Span is crossed below the Price line (Its called a 'Weak Bearish cross because it occurred when the index was Bullish i,e above the Kumo) #W1.
Index getting above the Kumo, is the next Bull hope #W2.
The narrow gap between the Tenkan Sen and the Kijun Sen, good for Bulls, as a re-cross is easier #W2.
Wrap:
Bears on top, with the index floating into the Kumo #W2. Bulls have this week, to manage a bounce out of it.
