Monday, October 5, 2015

China - SSEC - Ichimoku Study - Chikou Support - Week 1 of October 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 turns down below the Price line and gets support exactly at the Kijun Sen #W1.

Index stays in the Kumo #W2. 
Senkou Span A & B cross Bearishly #W3.


Despite the bearish Senkou Span cross, Index still floats in the Kumo #W1.
Bulls use the Chikou Span Support at the Kijun Sen #W1 to avert a slide #W2.

Looking Forward into this Week:

Bearish Senoku Span Cross active #W2.

Kumo gives the Index some support to consolidate #W2.
Chikou Span supported at the Kijun Sen, gives Bulls hope of a comeback #W1.

Bearish Senoku Span cross staying active #W3 is the Bear hope.
Getting back above the Kumo #W2, with support for the Chikou Span at the Kijun Sen #W1, is the Bull strategy for a comeback.