Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bears stay above the Kumo and even touch the Tenakan Sen, only to end with a weak red candle, last week #W2.
Chikou Span points up, at the Tenkan Sen, staying below the Price line #W1.
Gap between the Senkou Span A & B, steady #W3.
Gap between the Tenkan Sen and Kijun Sen narrow, but steady #W3.
Wrap:
Bulls keep above the Kumo, and make another unsuccessful attempt, at closing above the Tenkan Sen #W2.
Bears manage another red candle last week #W2.
Looking Forward into this Week:
Chikou Span is crossed 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 staying above the Kumo, gives the Bulls hope #W2.
Price candles are squeezed near the Kumo, giving the Bulls and Bears little empty space to float in #W2.
The narrow gap between the Tenkan Sen and the Kijun Sen, good for Bulls, as a re-cross is easier #W2.
Wrap:
Bulls and Bears face a squeeze for space - its either into the Kumo or clear out above the Tenkan Sen-Kijun Sen - other signals being evenly balanced #W2.
