Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span soars, way above the Price line #W1.
After closing just below the Tenkan Sen earlier, Index breaks out above this line #W2.
Gap between the Senkou Span A & B, increases last week #W3.
Gap between the Tenkan Sen and the Kijun Sen reduces #W2.
Wrap:
Bulls take Index nearer to the ATH (All Time High) #W2.
Tenkan Sen and the Kijun Sen getting closer is the only bright spot for Bears #W2.
Looking Forward into this Week:
Bulls need to keep the Chikou Span well above the Price line, to continue their good Times #W1.
Index closing above the Kijun Sen and Tenkan Sen, strong supports, good for Bulls #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support to come #W3.
Gap between the Tenkan Sen and the Kijun Sen reduces - bullish deflection or bearish cross in some time #W2.
Wrap:
Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good for reason for a Bull run to the ATH.
Index closing below the Tenkan Sen #W2,, is the Bear hope, this week.
