Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span plunges towards the Price line #W1.
Bears get their honey as index drops down, after resistance at the Kijun Sen #W2.
Gap between the Senkou Span A & B reduces marginally #W3.
Gap between the Tenkan Sen and the Kijun Sen steady #W2.
Wrap:
Bears defend Kijun Sen and send index towards last low #W2.
Bulls lose the plot but hold above the last low #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, works well for Bears #W2.
Gap between the Senkou Span A & B staying wide, makes 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 steady - 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, and a lower low, is the next Bear hope.
