Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Chikou Span clears the Price line but sill its too near the Index #W1.
Gap between the Senkou Span A & B narrow and flat #W3.
Gap between the Tenkan Sen and the Kijun Sen flat #W2.
Wrap:
Index stays above the Kumo #W2, Chikou Span hovers near the Price line #W1.
Looking Forward into this Week:
Bear wish list for the week is to get the Chikou Span back below the Price line and the Price line inside the Kumo #W1&W2.
Narrowing gap between the Senkou Span A & B, makes a bullish deflection or bearish cross, imminent #W3.
Bull hope rests on staying above the rather thick Kumo (Study Links here, here or elsewhere) #W2.
Wrap:
Bulls wish to stay above the Kumo, keep the Chikou Span above the Price line and manage a deflection of the Senkou Span A & B #W1.
Bears look at the congestion around the Chikou span for an early reversal and for Index to slide back into the Kumo #W2.
