Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls celebrate with back to back Green weekly candles #W2.
Chikou Span steadies further, above the Price line #W1.Gap between the Senkou Span A & B steady #W3.
Gap between the Tenkan Sen and the Kijun Sen narrows drastically #W2.
Wrap:
Bulls back with Green on the screen once again.
Bears like the narrowing gap between the Tenkan Sen and the Kijun Sen.
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) still good for the Bears #W2.
Bears need to get the Chikou Span below the Price line, to maintain edge #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.
Gap between the Tenkan Sen and the Kijun Sen narrow - 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 along with a big red week is what the Bears pray for.
