Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls get a rescue bounce, at the Kumo #W1.
Chikou Span gets below the Price line #W1.
Gap between the Senkou Span A & B narrows further #W3.
Wrap: After the Bearish cross of the Tenkan Sen and Kijun Sen #W2, previously, Index sees a bearish Chikou Span cross #W1.
Bulls find support at the Kumo #W2.
Looking Forward into this Week:
Bearish Tenkan Sen & Kijun Sen Cross (its called a 'weak bearish signal' as it occurred when the index was Bullish i,e. above the Kumo) works well for the Bears #W2.
Bears now need to get the Price line back in the Kumo, to keep dominance of this screen #W1.
Gap between the Senkou Span A & B, around the next few week's candles and at #W3, is relatively narrow - making a thin Kumo and a fragile support for the Bulls.
Wrap:
Closing the week with a Bearish cross into the Kumo #W1, plus an even lower low, is what the Bears hope to do.
Getting back above the Tenkan Sen and Kijun Sen #W2, with a re-cross by the Chikou Span, above the Price line #W1, is the priority for Bulls.
