Saturday, November 21, 2015

China - SSEC - Ichimoku Study - Kumo Rise - Week 4 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 rises slowly with the rise mapped on the Kumo #W2.

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


Despite the (neutral) Bearish Senkou Span cross, Index moves higher along with the Kumo #W3.
Bears restrict the rise, to just 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 use the Chikou Span's action and Tenkan Sen support, to wise inside the Kumo #W1 & #W2.

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