Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bear's taste of life below the Kijun Sen is short lived, Bulls peek above the red line #W2.
Gap between the Senkou Span A & B #W3, as also the Tenkan Sen & Kijun Sen steady #W2.
The Chikou span #W1 bounces at price line, answering the Bull's prayers.
Wrap: Index just above the Kijun Sen #W2, Bulls get a Chikou Span bounce at Price line #W1
Looking Forward into this Week:
Chikou Span holding above the Price Line, is a clear relief for Bulls #W1.
Narrowing gap between the Senkou Span A & B #W3, as also the Tenkan Sen & Kijun Sen, opens possibility of bullish deflection or bearish cross #W2.
Wrap: Bulls pray that the Chikou Span stays above the Price line #W1, helping the index stay above the Kijun Sen.
Bears look to push towards the Kumo once again, with a move below the Kijun Sen #W2.
