Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span halts its drop #W1.
Index goes green again, in its attempt to get back above the the Kijun Sen #W2.
Gap between the Senkou Span A & B wide and steady #W3.
Gap between the Tenkan Sen and the Kijun Sen steadies #W2.
Wrap:
Bears keep Index below the Kijun Sen #W2.
Bulls make a come back with another green week, but again fail to get to the Kijun Sen #W2.
Looking Forward into this Week:
Bears need to get the Chikou Span below the Price line, to maintain advantage #W1.
Index closing below the Kijun Sen, good for Bears #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support for the Bulls in the weeks to come #W3.
Gap between the Tenkan Sen and the Kijun Sen steadies - bullish deflection or bearish cross still on #W2.
Wrap:
Getting back above the Tenkan Sen and Kijun Sen #W2, priority for Bulls.
Bearish cross of the Tenkan Sen and Kijun Sen #W2 is the next Bear hope.
