Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Last week's Bear prayer for a Tenkan Sen - Kijun Sen cross with a big red week, gets answered #W2.
Chikou Span within touching distance of the Price line #W1.
Gap between the Senkou Span A & B narrows #W3.
Wrap: Alert bears see the Tenkan Sen & Kijun Sen, cross Bearishly at week start, and celebrate with a huge red candle #W2.
Bulls catch up with some rear guard action and defend the last low #W2.
Looking Forward into this Week:
Index closing below the Kijun Sen (its called a 'weak bearish signal' as it occurred when the index was Bullish i,e. above the Kumo) works again for the Bears #W2.
Bears need to get the Chikou Span below the Price line, to get dominance of this screen #W1.
Gap between the Senkou Span A & B staying wide, makes a thick Kumo and a strong support for the Bulls, when they get there #W3.
Wrap:
Getting back above the Tenkan Sen and Kijun Sen #W2, with a bounce by the Chikou Span, off the Price line #W1, is the priority for Bulls.
Bearish cross of the Chikou Span #W1 with the Price line, plus a lower low, is what the Bears plan to do.
