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.Wrap:
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.
Wrap:
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.
