Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index pops out of the Kumo #W2.
Chikou Span heads towards Price line #W1,
Bears defend the previous high #W2.
Wrap:
Index above the Kumo, previous high is the next target #W2.
Looking Forward into this Week:
Bulls want keep the index above the Kumo and then clear the last high #W2.
Bears want life above the Kumo #W2.
Chikou Span nears the price line - bearish cross or bullish deflection on next #W1.
Wrap:
Bears look to keep ranging in and out of the Kumo #W2.
Bulls want to keep it clear of the Kumo and get index above the previous high #W2.
