Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span steadies above the Price line #W1.
Bulls find some life and hold index above last month's low #W2.
Gap between the Senkou Span A & B steady #W3.
Gap between the Tenkan Sen and the Kijun Sen also steady #W2.
Wrap:
After the Bearish Kijun Sen Cross, Bears fail to take out the previous low, Bulls get a green week after defending last month's low.
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 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 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 along with close below last month's low is what the Bears want.
