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Monday, November 30, 2015

China - SSEC - Ichimoku Study - Tenkan Sen Support - Week 1 of December 2015.





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



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


Index corrects sharply to near the Tenkan Sen, with the fall mapped on the Kumo #W2.

Chikou Span dips below the Kijun Sen #W1.
Senkou Span A & B, stay crossed Bearishly and rise #W3.

Wrap: 

Index rises and falls, inside a rising 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.

Bulls seek to keep the index inside the Kumo #W2,.
Bulls need theTenkan Sen support, for the next rise inside the Kumo #W2.


Wrap:
Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life in the Kumo and a steady up-move W2 .