Monday, September 14, 2015

China SSEC - Ichimoku Study - Kumo Rise - Week 3 of September 2015.

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the Earlier Study: 
(click here for the previous post)

Bulls produce a green candle kicking off at the rising Kumo,  #W1.

Chikou Span turns up below the Price line #W1.
Gap between the Senkou Span A & B, narrow to touch point, steady #W3.

After the bearish Chikou Span cross, Index again finds support at the Kumo #W1.
Bulls use the rising Kumo to go green #W2.

Looking Forward into this Week:

Bearish Chikou Span Cross (its called a 'weak bearish signal' as it occurred when the index was Bullish i,e. above the Kumo) in danger of a re-cross #W2.

Bears now need to get the Price line to close in the Kumo, to keep dominance of this screen #W1. 
Gap between the Senkou Span A & B at #W3, is near closing - a Bullish Deflection or Bearish Cross Possible.

A Bearish Senoku Span cross and a weekly close inside the Kumo #W3, are what the Bears need to achieve to keep their advantage.
Getting back above the Tenkan Sen #W2, with a re-cross by the Chikou Span, to above the Price line #W1, is the Bull strategy for a coup.