Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index bounce from the Kijun Sen, yields another green week, for the bulls attempting a run to the ATH #W2.
Chikou Span, stays way above the Price line #W1.
Gap between the Senkou Span A & B, steady #W3.
Gap between the Tenkan Sen and Kijun Sen narrows #W3.
Wrap:
Bulls get more out of the 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 (Its called a 'Weak Bearish cross because it occurred when the index was Bullish i,e above the Kumo) - 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.
Taking advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen while it lasts #W2,, is the Bear hope.
