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.
Wrap:
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.
Wrap:
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.
