Saturday, November 7, 2015

China - SSEC - Ichimoku Study - Confluence Support - Week 2 of November 2015.

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

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

Index takes support at the Confluence of the rising Tenkan Sen and Senoku Span B #W2.

Chikou Span moves above the Kijun Sen #W1.
Senkou Span A & B, stay crossed Bearishly and rise together #W3.


Despite the bearish Senkou Span cross, Index sees green, above the Tenkan Sen, while in the Kumo #W3.
Bears restrict the action, to inside the Kumo #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.

Bears seek to keep the index inside the Kumo #W2,.
Bulls see the Chikou Span's action and Tenkan Sen support, as a vote to get above the Kumo #W1 & #W2.

Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life above the Kumo after this consolidation and up-move W2 .