Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
After the Bearish Cross of the Tenkan Sen and the Kijun Sen, Index drops all the way to the Kijun Sen for a bounce #W2.
Chikou Span, stays way above the Price line #W1.
Gap between the Senkou Span A & B, steady #W3.
Wrap:
Bulls get ahead with a bounce from the Kijun Sen #W2.
Despite the Tenkan Sen - Kijun Sen cross, Bears fail to get the index lower #W2.
Looking Forward into this Week:
Bulls need to keep the Chikou Span well above the Price line, to keep their advantage #W1.
Index closing above the Kijun Sen and Tenkan Sen, (both strong supports last week) is good for Bulls #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support to come #W3.
Tenkan Sen and the Kijun Sen still in a bearish cross - Bears still in the hunt #W2.
Wrap:
Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good reason for a Bull run to the ATH.
Maintaining and taking advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen #W2,, is the Bear task next.
