Learning from the Earlier Study: (click here for the previous post)
A month after the Bearish Tenkan Sen - Kijun Sen Cross, Bears finally cross below these lines #W2.
Chikou Span, crosses below the Price line #W1.
Gap between the Senkou Span A & B, steady #W3.
Gap between the Tenkan Sen and Kijun Sen narrow and steady #W3.
Wrap:
Bulls losing the strong supports of last week, hold the fall well above the Kumo #W2.
Bears finally take advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen #W2,, with a massive red week, and close below these lines
Looking Forward into this Week:
Chikou Span is now below the Price line (Its called a 'Weak Bearish cross because it occurred when the index was Bullish i,e above the Kumo) #W1.
Index finally closing below the Kijun Sen & Tenkan Sen, gives the Bears the impetus #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong future support #W3.
The narrow gap between the Tenkan Sen and the Kijun Sen, good for Bulls, as a re-cross is easier #W2.
Wrap:
Finally taking advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen #W2, with two massive red weeks, the next Bear plan is to reach the Kumo.
Bulls see the Kumo as the next major support from where they can aim for the Tenkan Sen #W2.
