Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls defend the lows with a green week and the Chikou Span #W1, turns just above the previous low, while still below the Price line.
Bull's fight to close above the Jan'15 low, as they seek to (edited) Pin the Bears with some Green #W2.
Gap between the Senkou Span A & B wide and steady #W3.
Tenkan Sen and the Kijun Sen, stay crossed bearishly #W2.
Wrap:
Bulls, with all Signals against them, manage to stay around the last major low, with a green candle.
Bears yet to enforce a significantly lower low, after all signals turn in their favour #W2.
Looking Forward into this Week:
Chikou Span can slide just below the Index, along the price line keeping the Bearish cross and pressure on any up-move #W1.
Index closing below the 'Kijun Sen', works well for the Bears (its called a 'strong bearish signal' as it occurred when the index was Bearish i,e below the Kumo) #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong future resistance for Bulls #W3.
Tenkan Sen and the Kijun Sen make a Bearish cross - Bulls yearn for a Bullish re-cross next #W2.
Wrap:
Defending the recent lows of the Index, with a taller green candle, is what the Bulls would focus on, this week.
Dominant Bears seek to break this double bottom, and make a significantly lower low.
