Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Index below the Kijun Sen #W2, as bears manage a Lower High and almost an even low #W1.
Gap between the Senkou Span A & B #W3 increases.
Gap between the Tenkan Sen & Kijun Sen decreases #W2.
Chikou Span at the Price line #W1, for the second time this year.
Wrap:
Bears move Index below the Kijun Sen #W2.
Bulls manage to hold the Chikou Span above the Price Line #W1
Looking Forward into this Week:
Chikou Span at current altitude set cross the Price line Bearishly, unless the Bulls manage another deflection #W1.
Narrowing gap between the Tenkan Sen & Kijun Sen, opens possibility of bullish deflection or bearish cross #W2.
Wrap:
Bulls aim for life above the Tenkan Sen.
Bears look to push towards the Kumo once again, with a Bearish Chikou Span Cross #W2.
