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Monday, October 26, 2015

China - SSEC - Ichimoku Study - Kumo Life - Week 4 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 climbs, hugging the Kijun Sen #W1.

Bulls get life inside the Kumo, after moving above the Tenkan Sen #W2. 
Senkou Span A & B, stay crossed Bearishly #W3.


Wrap: 

Despite the bearish Senkou Span cross, Index makes another green candle in the Kumo #W3.
Bulls continue to use the Chikou Span's Support at the Kijun Sen #W1, to move up #W2.




Looking Forward into this Week:


Bearish Senoku Span Cross is active (
Its called a 'Neutral' Bearish cross, because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.
Kumo gives the Index support to consolidate #W2.
Bulls seek to use the support at the Tenkan Sen, to break out of the Kumo #W2.



Wrap:
Bears search for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life above the Kumo W2 .